What is the present value of uneven cash flow stream

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Anky Beverage Co. expects the following cash flows from its manufacturing plant in Palau over the next six years.

Year 1: $100,000

Year 2: $20,000

Year 3: $180,000

Year 4: $300,000

Year 5: $550,000

Year 6: $375,000

The CFO of the company believes that an appropriate annual interest rate on this investment is 4%. What is the present value of this uneven cash flow stream, rounded to the nearest whole dollar?

Reference no: EM13849199

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