Question
A project has an initial cost of $40,850, expected net cash inflows of $15,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $40,850, expected net cash inflows of $15,000 per year for 7 years, and a cost of capital of 8%. 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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Public Finance In Canada
Authors: Harvey S. Rosen, Ted Gayer, Jean-Francois Wen, Tracy Snoddon
5th Canadian Edition
1259030776, 978-1259030772
