Question - Cannonier, Inc., has identified an investment project with the following cash flows.
|
Year
|
Cash Flow
|
|
1
|
$970
|
|
2
|
1,200
|
|
3
|
1,420
|
|
4
|
2,160
|
If the discount rate is 7 percent, what is the future value of these cash flows in Year 4?
What is the future value at a discount rate of 13 percent?
What is the future value at a discount rate of 22 percent?