Question
A project has an initial cost of $45,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of capital of
A project has an initial cost of $45,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of capital of 12%. 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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Financial Management In The Public Sector Tools Applications And Cases
Authors: Xiaohu Wang
3rd Edition
0765636891, 9780765636898
