Question
A project has an initial cost of $50,000, expected net cash inflows of $14,000 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 $14,000 per year for 7 years, and a cost of capital of 13%. 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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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
