Felix Inc. is planning to invest in a project.
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Felix Inc. is planning to invest in a project. The project will generate $10,000 on January 1, 2014, $23,200 on

May 8, 2014, $32,000 on September 21, 2014, $42,000 on May 18, 2015 and $55,000 on October 21, 2015. If the discount rate is 5%, what is the present value of the project?

a.$153,347.25

b.$151,615.13

c.$158,329.23

d.$154,041.09


explain the solution by using excel.

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