Question
1. You are offered an asset costing $500 that has cash flows of $95 at the end of each of the next 9 years. a.
1. You are offered an asset costing $500 that has cash flows of $95 at the end of each of the next 9 years. a. If the appropriate discount rate for the asset is 8%, should you purchase it? b. What is the IRR of the asset?
Please use excel.
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American Public School Finance
Authors: William Owings, Leslie Kaplan
2nd Edition
1111838046, 978-1111838041
