Jennifer presents a business plan to her bank's loan officer that predicts net cash flows for the first three years of $10,000, $15,000, and $8,000 respectively
If these cash flows occur at the end of each year and the discount rate is 4%, what is the total present value of these cash flows? (Round to the nearest whole dollar)
A) $29,397
B) $30,596
C) $35,683
D) $37,993
E) $31,114
B
Business
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