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You Are Considering a Project with the Following Cash Flows

question 40

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You are considering a project with the following cash flows:  Year 1  Year 2  Year 3 £4,200£5,000£5,400\begin{array} { | l | l | l | } \hline \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \\\hline £ 4,200 & £ 5,000 & £ 5,400 \\\hline\end{array} What is the present value of these cash flows,given a 3% discount rate?

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