Question
A project has an initial cost of $37,500, expected net cash inflows of $14,000 per year for 10 years, and a cost of capital of
A project has an initial cost of $37,500, expected net cash inflows of $14,000 per year for 10 years, and a cost of capital of 13%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
