Paradise, Inc., has identified an investment project with the following cash flows. Year Cash Flow- Year 1: $550 Year 2: $975 Year 3: $1,150 Year 4: $1,325
(a) If the discount rate is 12 percent, what is the future value of these cash flows in year 4?
(b) What is the future value at a discount rate of 17 percent?
(c) What is the future value at discount rate of 29 percent?