For the given cash flow of geometric gradient, if A= $8,000 , the present value, P is closest to: A Year 1 12 13 14 15 i= 12% Geometric grad ient g=15%

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter10: The Basics Of Capital Budgeting: Evaluating Cash Flows
Section10.4: Internal Rate Of Return (irr)
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QUESTION 14
For the given cash flow of geometric gradient, if A= $8,000 , the present value, P is closest to:
A
Year
2
12
13
14
15
i= 12%
g=15%
Geometric grad ient
P=?
Transcribed Image Text:QUESTION 14 For the given cash flow of geometric gradient, if A= $8,000 , the present value, P is closest to: A Year 2 12 13 14 15 i= 12% g=15% Geometric grad ient P=?
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