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33. A capital investment will produce cash flows of $15,000 annually, in arrears, over its 10-year life. This looks like a great opportunity since
33. A capital investment will produce cash flows of $15,000 annually, in arrears, over its 10-year life. This looks like a great opportunity since the IRR of 14.9% exceeds the 12.0% required return. Without being told the initial investment, calculate the NPV. Answer: $9,184.00
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
