Question 14. | Question : | (TCO 4) You are considering two investments. Investment I, is in a software company and Investment II, is an engineering company. The investments offer the following cash flows:Year | Software Company | Engineering Company | 1 | $5,000 | $15,000 | 2 | $3,000 | $8,000 | 3 | $4,000 | $9,000 | 4 | $3,600 | $11,000 |
If the appropriate discount rate is 10 percent, what is the approximate present value of the Software Company investment? |