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What is the present value of a first year of business

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Question - A wants to start a winter sports business that will earn varying profit throughout the seasons. He will invest $14,000 to open his store on November 1st 2021 and analyze profits every season. On February 1st 2022 he makes $7,650 from winter sales. On May 1st 2022 he sees $5,350 from spring sales, on August 1st 2022 the store brings only $2,400 and finally on November 1st 2022 there is $6,700 from fall sales. Assuming a 16% MARR, what is the present value of A's first year of business?

Reference no: EM133096790

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