Question
A project has an initial cost of $40,000, expected net cash inflows of $12,000 per year for 6 years, and a cost of capital of
A project has an initial cost of $40,000, expected net cash inflows of $12,000 per year for 6 years, and a cost of capital of 14%. 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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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
