Question
A project has an initial cost of $52,550, expected net cash inflows of $15,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $52,550, expected net cash inflows of $15,000 per year for 11 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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Public Finance and Public Policy
Authors: Jonathan Gruber
4th edition
1429278455, 978-1429278454
