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

ID: 2778612 • 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)

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

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

C. 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

Net present value NPV = present value of cash inflow- present value of outflows

= cashflow (CF) at year 0 + CF at year 1 /(1+r) + CF at year 2 /(1+r)^2 + ..........

= -10000 +2000/1.06 + 2000/1.06^2 + (4000-10000)/1.06^3 + 5000/1.06^4 + 5000/1.06^5 + 5000/1.06^6

= -149.36

since Npv is negative .Project should be rejected.

B.Future value of net cash flow (FV)= present value × (1+ discount rate)^n

rate =6% , n = 6years

FV = -149.36 ×(1.06)^6

= -211.88

C.If another opportunity exist,then sussane should opt for it since its NPV is positive and higher than the current one.