Question
A project has annual cash flows of $5,500 for the next 10 years and then $8,000 each year for the following 10 years. The IRR
A project has annual cash flows of $5,500 for the next 10 years and then $8,000 each year for the following 10 years. The IRR of this 20-year project is 8.53%. If the firm's WACC is 8%, what is the project's NPV? Round your answer to the nearest cent. Do not round your intermediate calculations.
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
