Question
A project has an initial cost of $45,000, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $45,000, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital of 8%. 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 Statement Analysis
Authors: Andrew P.C.
1st Edition
1520985002, 978-1520985008
