Question
A project has an initial cost of $68,675, expected net cash inflows of $15,000 per year for 12 years, and a cost of capital of
A project has an initial cost of $68,675, expected net cash inflows of $15,000 per year for 12 years, and a cost of capital of 9%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
