Question
A company's required rate of return on capital budgeting projects is 15%. The company is considering an investment which would yield a cash flow of
A company's required rate of return on capital budgeting projects is 15%. The company is considering an investment which would yield a cash flow of $20,000 in five years. What is the most that the company would be willing to invest in this project? (Ignore taxes)
Please walk me though how to slove this. Thanks
Also can I use a BAII plus calculator to slove this too ?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
