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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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
