A firm is considering a project that will yield $10,000 per year for 10 years. The required return on this project is 12.05%, compounded monthly.
A firm is considering a project that will yield $10,000 per year for 10 years. The required return on this project is 12.05%, compounded monthly. What is the maximum amount that the firm should be willing to invest in the project to accept this project?
A. $54,835 B. $50,205 C. $45,042 D. $62,487 E. $100,000
plz show your work
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Authors: William Brueggeman, Jeffrey Fisher
17th Edition
1264072945, 978-1264072941
