Question
#3 Finance: A project that will last for 7 years is expected to have equal annual cash flows of $99,400. If the required return is
#3 Finance: A project that will last for 7 years is expected to have equal annual cash flows of $99,400. If the required return is 8.1 percent, what is maximum initial investment would make the project acceptable?
What is the answer for question 3 ???
Show the work please, thank you !!
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
