Question
A project has an initial cost of $55,000, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of
A project has an initial cost of $55,000, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of 12%. 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 & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
