A project costs $264.91 and subsequent cash flows for dates 1 through 3 are $36.60, $56.88, and $51.91, respectively. If there is only one more cash flow at date 4, and the project's internal rate of return is 7.75%, what is the amount of the date 4 cash flow? Round your final answer to 2 decimal places and leave out the "$" sign.
A project costs $264.91 and subsequent cash flows for dates 1 through 3 are $36.60, $56.88, and $51.91, respectively. If there is only one more cash flow at date 4, and the project's internal rate of return is 7.75%, what is the amount of the date 4 cash flow? Round your final answer to 2 decimal places and leave out the "$" sign.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
A project costs
$264.91and subsequent
,
$56.88, and
$51.91, respectively. If there is only one more cash flow at date 4 , and the project's
, what is the amount of the date 4 cash flow? Round your final answer to 2 decimal places and leave out the "$" sign.

Transcribed Image Text:A project costs $264.91 and subsequent
cash flows for dates 1 through 3 are $36.60,
$56.88, and $51.91, respectively. If there is
only one more cash flow at date 4, and the
project's internal rate of return is 7.75%,
what is the amount of the date 4 cash flow?
Round your final answer to 2 decimal places.
and leave out the "$" sign.
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Mammen
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