Question
A project has annual cash flows of $3,000 for the next 10 years and then $6,000 each year for the following 10 years. The IRR
A project has annual cash flows of $3,000 for the next 10 years and then $6,000 each year for the following 10 years. The IRR of this 20-year project is 11.25%. If the firm's WACC is 9%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
7th Edition
0030333288, 9780030333286
