Question
A project has an initial cost of $70,000, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital of
A project has an initial cost of $70,000, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital of 8%. 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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Fundamentals Of Corporate Finance
Authors: Berk, Peter DeMarzo, Jarrad Harford
3rd Global Edition
1292018402, 9781292018409
