Question
A project has an initial cost of $55,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $55,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of 8%. 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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Introduction To Financial Models For Management And Planning
Authors: James R Morris, John P Daley
2nd Edition
1498765041, 9781498765046
