Question
A project has annual cash flows of $4,500 for the next 10 years and then $10,500 each year for the following 10 years. The IRR
A project has annual cash flows of $4,500 for the next 10 years and then $10,500 each year for the following 10 years. The IRR of this 20-year project is 10.56%. 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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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
13th edition
1111971633, 978-1111971632
