Respuesta :
The value of the investment based on the offerings is $46,477.97.
What is the value of the investment?
In order to determine the value of the investment, we have to calculate the present value. Present value is the sum of discounted cash flows using the required return.
Present value = ($5430 / 1.08) + ($5430 / 1.08^2) + ($5430 / 1.08^3) + ($5430 / 1.08^4) + ($5430 / 1.08^5) + ($5430 / 1.08^6) + ($5430 / 1.08^7) + ($5430 / 1.08^8) + ($5430 / 1.08^9) + ($5430 / 1.08^10) + ($5430 / 1.08^11) + ($5430 / 1.08^12) + ($5430 / 1.08^13) + ($5430 / 1.08^14) + ($5430 / 1.08^15) = $46,477.97
To learn more about present value, please check: https://brainly.com/question/25748668
