Question
A project has an initial cost of $35,000, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of
A project has an initial cost of $35,000, expected net cash inflows of $9,000 per year for 9 years, and a cost of capital of 9%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.
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The Global Financial Crisis What Have We Learnt
Authors: Steven Kates
1st Edition
0857934228, 978-0857934222
