Question
A project has an initial cost of $60,000, expected net cash inflows of $10,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $60,000, expected net cash inflows of $10,000 per year for 11 years, and a cost of capital of 10%. 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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Managerial Accounting
Authors: Ronald W Hilton
7th Edition
0073022853, 978-0073022857
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