Question
A project has an initial cost of $45,875, expected net cash inflows of $12,000 per year for 6 years, and a cost of capital of
A project has an initial cost of $45,875, expected net cash inflows of $12,000 per year for 6 years, and a cost of capital of 12%. What is the project's NPV? (Hint:Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
