Question
A given project requires a $22,291 investment and is expected to generate end of period annual cash flows as follows: Year 1 Year 2 Year
A given project requires a $22,291 investment and is expected to generate end of period annual cash flows as follows:
| Year 1 | Year 2 | Year 3 |
| $12,000 | $8,000 | $10,000 |
Assuming a discount (interest) rate of 5%, what is the net present value of this investment? Use the table in your book and do not round the numbers from the table. Please round your final answer to the nearest dollar, but do not include a dollar sign in your answer. If your answer is negative, include a negative sign before the number (for example, -3000).
You Answered
5,211.87
Correct Answer
5,032 margin of error +/- 1
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
