Question
A project has an initial cost of $50,000, expected net cash inflows of $15,000 per year for 9 years, and a cost of capital of
A project has an initial cost of $50,000, expected net cash inflows of $15,000 per year for 9 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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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
3rd Edition
0324232624, 9780324232622
