Ambrin Corp

question 38

Multiple Choice

Ambrin Corp. expects to receive $2,000 per year for 10 years and $3,500 per year for the next 10 years. What is the present value of this 20 year cash flow? Use an 11% discount rate.

• A) $19,034
• B) $27,870
• C) $32,389
• D) none of these

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