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A music company is considering creating the world's largest piano. Cost and cash flow details are listed below. The company requires a 12% return on
| A music company is considering creating the world's largest piano. Cost and cash flow details are listed below. | |||||
| The company requires a 12% return on its capital. | |||||
| a) What is the present value of the yearly cash flows? (round to nearest dollar) | |||||
| b) What is the net present value of the project? (round to nearest dollar) | |||||
| c) What is the internal rate of return of the project? (round to two decimal places) | |||||
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The Oxford Handbook Of Credit Derivatives
Authors: Alexander Lipton, Andrew Rennie
1st Edition
0199546789, 978-0199546787
