How much was present value loss over the last 12 months

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Question

At the beginning of June 2015, AnyBody Company suffered a cyberattack. A series of payments had been interrupted for 3 months (June, July, and August). The amount of the monthly cash payments was $1,000 per month. The internal rate of return for the company is 12 percent annually. Taking present values into account, how much was present value loss over the last 12 months compared with what would have been received if the attack had not occurred? (Make the present value comparisons as of January 1, 2015)

Reference no: EM132359714

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