Question
A project has an initial cost of $70,000, expected net cash inflows of $10,000 per year for 12 years, and a cost of capital of
A project has an initial cost of $70,000, expected net cash inflows of $10,000 per year for 12 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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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
