Question
A project has an initial cost of $60,000, expected net cash inflows of $15,000 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 $15,000 per year for 11 years, and a cost of capital of 10%. What is the project's PI? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to two decimal places.
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
