Question
A project has an initial cost of $50,000, expected net cash inflows of $11,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $50,000, expected net cash inflows of $11,000 per year for 7 years, and a cost of capital of 9%. 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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Fundamentals Of Advanced Accounting
Authors: Joe Hoyle
4th Edition
78136636, 978-0078136634
