Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company invested $20,000 on a project, the return for the project is estimated to be $3000 for the first year, $8500 for the second

A company invested $20,000 on a project, the return for the project is estimated to be $3000 for the first year, $8500 for the second year, and 12,000 for the third year. If the interest is 6.2 % p.a, what would be the NPV for this project?

$350.98

$379.98

$340.76

$300.43

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions