Question
A project has an initial cost of $75,000, expected net cash inflows of $15,000 per year for 7 years, and a cost of capital of
A project has an initial cost of $75,000, expected net cash inflows of $15,000 per year for 7 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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Fundamentals Of Corporate Finance
Authors: Richard A. Brealey, Marcus, Alan J, Myers, Stewart C.
2nd Edition
0070074860, 9780070074866
