Question
A project has an initial cost of $50,000, expected net cash inflows of $14,000 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 $14,000 per year for 9 years, and a cost of capital of 13%. 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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Mathematical Finance Core Theory Problems And Statistical Algorithms
Authors: Nikolai Dokuchaev
1st Edition
0415414482, 978-0415414487
