... $18, 400—not a substantial decrease from the $23,800 calcu-lated in Chapter 2. Since the net present value is positive, you should still go ahead.4 Brealey−Meyers: Principles of Corporate Finance, ... three-year annuityfactor?e. From your answers to (c) and (d), calculate the three-year discount factor.Visit us at www.mhhe.com/bm7e Brealey−Meyers: Principles of Corporate Finance, Seventh Edition I. ... rate of r will, therefore,grow to erϭ (2. 718) rby the end of the first year. By the end of t years it will growto ertϭ (2. 718) rt. Appendix Table 4 at the end of the book is a table of...