Finding the present value of the cash flows

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Question: Wainright Co. has identified an investment project with the following cash flows.

Year   Cash Flow

1        $697

2        $1013

3        $1228

4        $1331

If the discount rate is 13.7 percent, what is the present value of these cash flows? (Round time value factors to 6 decimal places and final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456 should be entered as 123456.)

Reference no: EM131797610

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