3-16 PV of Multiple Cash Flows SPVs can be added together to evaluate multiple cash flows P=-C+-2+ (1+r)(1+r) Irwin/McGraw-Hill CThe McGraw-Hill Commpanies, Inc, 2001©The McGraw-Hill Companies, Inc.,2001 3- 16 Irwin/McGraw-Hill PV of Multiple Cash Flows PVs can be added together to evaluate multiple cash flows. PV C r C r = + + + + 1 1 2 2 (1 ) (1 )