Question
A project has an initial cost of $70,000, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of
A project has an initial cost of $70,000, expected net cash inflows of $12,000 per year for 9 years, and a cost of capital of 9%. 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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Finance Fundamentals For Nonprofits
Authors: Woods Bowman
1st Edition
1118004515, 9781118004517
