Question
A project has an initial cost of $70,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $70,000, expected net cash inflows of $14,000 per year for 7 years, and a cost of capital of 8%. 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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Empirical Finance
Authors: Sardar M. N. Islam, Sethapong Watanapalachaikul
1st Edition
3790815519, 978-3790815511
