Consider the following timeline: 
If the current market rate of interest is 9%,then the present value (PV) of this timeline as of year 0 is closest to:
Definitions:
Nondirectional Hypothesis
A hypothesis that predicts the existence of a relationship, not its direction.
Return on Equity
A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how effectively management uses equity investments.
Total Capitalization
The total value of a company’s outstanding equity and debt.
Note Payable
A liability in a formal written promise to pay a specific amount of money at a future date or dates.
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