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Susanne invests $10,000 now and again towards the end of year 3. She gets a foll

ID: 2778529 • Letter: S

Question

Susanne invests $10,000 now and again towards the end of year 3. She gets a following return for 6 years.

Year

0

1

2

3

4

5

6

Cash Flow

2,000

2,000

4,000

5,000

5,000

5,000

Assume Discount rate is 6%, answer the following (15 PTS)

What is the Net Present Value of these cash flows? Should Susanne make invest in this opportunity? -(5 PTS)

What is the future value of Net Cash Flow (end of year 6) - (5 PTS)

If Susanne had another opportunity where her NPV would be $1000. What is her opportunity cost? - (5 PTS)

Year

0

1

2

3

4

5

6

Cash Flow

2,000

2,000

4,000

5,000

5,000

5,000

Explanation / Answer

1. Computation of Net Present value

Year Cash flows Discount@ 6% Present value of cash inflows

1 2000 0.9434 1886.8

2 2000 0.8900 1780

3 4000 0.8396 3358.4

4 5000 0.7921 3960.5

5 5000 0.7473 3736.5

6 5000 0.7050 3525

Total present value of cash inflows 18247.2

less : initial investment (10000)

NPV 8247.2

2. Computation of future value of net cash flows

FV = Present value (1 + i )n

= $18247.2 ( 1+ 6% )6 =$ 25884