Question
A project has an initial cost of $91,600, a life of 9 years, and equal annual cash inflows. The required return is 8.8 percent. According
A project has an initial cost of $91,600, a life of 9 years, and equal annual cash inflows. The required return is 8.8 percent. According to the profitability index decision rule, what is the minimum annual cash flow necessary to accept the project?
Multiple Choice
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$16,532.47
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$17,910.18
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$13,989.02
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$15,154.77
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$10,177.78
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Solutions Manual To Accompany Fundamentals Of Corporate Finance
Authors: Richard Brealey
6th Edition
0077265963, 978-0077265960
