Toadies, Inc., has identified an investment project with the following cash flows.
Year Cash Flow
1 $ 1,575
2 1,695
3 1,780
4 1,830
If the discount rate is 7 percent, what is the future value of the cash flows in year 4?
If the discount rate is 12 percent, what is the future value of the cash flows in year 4?
If the discount rate is 23 percent, what is the future value of the cash flows in year 4?