Question
2.(Ignore income taxes in this problem.) Virginia Company invested in a four-year project. Virginia's discount rate is 10%. The cash inflows from this project are:
2.(Ignore income taxes in this problem.) Virginia Company invested in a four-year project. Virginia's discount rate is 10%. The cash inflows from this project are:
Year 1- 4000
year 2- 4400
year 3- 4800
year 4- 5200
Assuming a positive net present value of $1,000, the amount of the original investment was closest to:
pls show work
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
