Question
A project has an initial cost of $70,000, expected net cash inflows of $12,000 per year for 10 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 10 years, and a cost of capital of 10%. 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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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
