Lisa is pondering the construction and operation of a home-based cattery.She expects it will cost $25,000 to construct and will have a lifespan of four years before it collapses due to faulty construction and ammonia rot.Cash flows during those four glorious years are estimated as follows: 
If the interest rate is 5%,what is the present value of the cattery project?
Definitions:
Head of State
The official representative of a country in diplomatic matters, who may also have executive or ceremonial duties, depending on the country's system of government.
Treaties
Formal agreements between countries that are legally binding and govern international relations.
Legally Binding
An agreement or contract that is enforceable by law, where failure to comply can result in legal consequences.
Ratification
The process by which a constitutional amendment or other legal instrument is officially validated by signatory states or parties.
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