What is the value on 1/1/13 of the following cash flows?
Date Cash Received Amount of Cash
1/1/14 $14,000
1/1/15 $20,000
1/1/16 $30,000
1/1/17 $43,000
1/1/18 $57,000
Use a 7% discount rate, and round your answer to the nearest $10.
a. $112,350
b. $128,490
c. $107,330
d. $153,270