FV of multiple cash flows: Chandler Corp. is expecting a new project to start producing cash flows, beginning at the end of this year. They expect cash flows to be as follows:
1 2 3 4 5
$643,547 $678,214 $775,908 $778,326 $735,444
If they can reinvest these cash flows to earn a return of 8.2 percent, what is the future value of this cash flow stream at the end of five years? (Round to the nearest dollar.)
A) $3,889,256
B) $4,227,118
C) $5,214,690
D) $4, 809,112
Answer: B
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