What is the present worth of the following cash flow stream? Assume 8% interest and an initial purchase price of $30,000 is included (4 pts)
Year 1 = $30000 Year 4 = $2100 Year 7 = $1200
Year 2 = $2700 Year 5 = $1800 Year 7, sale of $5000
Year 3 = $2400 Year 6 = $1500
Include cash flow diagrams and P-A-I-N-F-G-g for economics problems.