Answer:
$114,218.
Explanation:
Year 0, cash outflow = $15,041
Year 1, cash inflow = $44,780
Year 2, cash inflow = $15,784
Year 3, cash inflow = $52,390
Year 4, cash inflow = $13,458
R = 6%
Value of the asset in year 3 = -15,041*(1+6%)^3 + 44,780*(1+6%)^2 + 15,784*(1+6%) + 52,390 + 13,458/(1+6%)
Value of the asset in year 3 = -15,041*1.191016 + 44,780*1.1236 + 15,784*1.06 + 52,390 + 13,458/1.06
Value of the asset in year 3 = -17,914.07 + 50,314.81 + 16,731.04 + 52,390 + 12,696.23
Value of the asset in year 3 = $114,218.01
