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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
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 11%. 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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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
