What the present value of the cash flows that occur

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Reference no: EM133150395

Question - The details of an investment project are as follows:

Cost of asset bought at the start of the project $80,000

Annual cash inflow $25,000

Cost of capital 5% each year

Life of the project 8 years

Required - What the present value of the cash flows that occur in the second year of the project?

Reference no: EM133150395

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