Problem:
Ajax Corp. is expecting the following cash flows - $79,000, $112,000, $164,000, $84,000, and $242,000 - over the next five years.
Required:
Question: If the company's opportunity cost is 15 percent, what is the present value of these cash flows?
- $480,906
- $429,560
- $414,322
- $477,235
Note: Show all workings.