A company plans to invest in a project that will generate ca…
A company plans to invest in a project that will generate cash flows increasing geometrically. The first cash flow of $`A1`,000 occurs at the end of year 1, and each subsequent cash flow increases by `g`% annually over a total period of `n` years. If the company’s interest rate is `i`%, calculate the present worth of these cash flows over the `n` years. If your answer is a cost, DO NOT SUBMIT IT AS A NEGATIVE VALUE. Submit your answer as a positive value.