Question
A project has an initial cost of $70,000, expected net cash inflows of $14,000 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 $14,000 per year for 10 years, and a cost of capital of 10%. 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 Investments
Authors: Bradford Jordan, Thomas Miller
4th Edition
0073314978, 9780073314976
