Question
11. An investment has a three-yearlife. The initial investment cost is $600. The expected net cash flows for years 1 and 3are $400 and $300,
11. An investment has a three-yearlife. The initial investment cost is $600. The expected net cash flows for years 1 and 3are $400 and $300, respectively. At an 7% cost of capital, the investment has a net present value of +$186. What is the year 2net cash flow?
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Real Estate Finance
Authors: Walt Huber, Levin P. Messick
5th Edition
0916772438, 9780916772437
