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A project has an initial cost of $60,000, expected net cash inflows of $11,000 per year for 10 years, and a cost of capital of
A project has an initial cost of $60,000, expected net cash inflows of $11,000 per year for 10 years, and a cost of capital of 8%. What is the project's PI?
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
