Question
A 8-year project is expected to generate $1,300,000 of cash inflow at the end of each year of the project. A $7,000,000 cash outflow would
A 8-year project is expected to generate $1,300,000 of cash inflow at the end of each year of the project. A $7,000,000 cash outflow would be required at the start of the project. If the company requires a 9% return on investment, what is the project's net present value?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
