Question
A project has an initial cost of $65,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of capital of
A project has an initial cost of $65,000, expected net cash inflows of $15,000 per year for 8 years, and a cost of capital of 13%. 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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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
