Question
A project has an initial cost of $50,000, expected net cash inflows of $14,000 per year for 8 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 8 years, and a cost of capital of 9%. 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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Handbook On Corporate Governance In Financial Institutions
Authors: Christine A. Mallin
1st Edition
1784711780, 978-1784711788
