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17. Problem 11.20 (NPV) A project has annual cash flows of $7,000 for the next 10 years and then $5,500 each year for the following
17. Problem 11.20 (NPV)
| A project has annual cash flows of $7,000 for the next 10 years and then $5,500 each year for the following 10 years. The IRR of this 20-year project is 10.44%. If the firm's WACC is 8%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $ |
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