Present value of the expected yearly cash flows

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Reference no: EM13847734

Hinkle Inc. expects the first three years of a proposed project would have cash flows of $320,000 a year. If Hinkle uses a discount rate of 13%, about what is the present value of the expected yearly cash flows?

a. $960,000

b. $755,568.83

c. - $960,000

d. $637,859

Reference no: EM13847734

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