Question
A project has an initial cost of $45,000, expected net cash inflows of $14,000 per year for 12 years, and a cost of capital of
A project has an initial cost of $45,000, expected net cash inflows of $14,000 per year for 12 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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Advanced Finance
Authors: Michael Fardon
1st Edition
1872962319, 1872962173, 978-1872962313, 978-1872962177
