an initial investment of $37,260 is to be returned in eight equal annual payments. determine the amount of each payment if the interest rate is 6 percent. $ answer (e) a proposed investment will provide cash flows of $50,000, $8,000, and $5,000 at the end of years 1, 2, and 3, respectively. using a discount rate of 16 percent, determine the present value of these cash flows.