Question
A project has an initial cost of $45,000, expected net cash inflows of $8,000 per year for 9 years, and a cost of capital of
A project has an initial cost of $45,000, expected net cash inflows of $8,000 per year for 9 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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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
