Question
A project has an initial cost of $50,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $50,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of 10%. 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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Personal Finance For Dummies
Authors: Eric Tyson
5th Edition
0470038322, 978-0470038321
