Question - Cannonier, Inc., has identified an investment project with the following cash flows.
|
Year
|
Cash Flow
|
|
1
|
$1,060
|
|
2
|
1,290
|
|
3
|
1,510
|
|
4
|
2,250
|
If the discount rate is 6 percent, what is the future value of these cash flows in Year 4?
What is the future value at a discount rate of 14 percent?
What is the future value at a discount rate of 21 percent?