Question
A project has annual cash flows of $6,500 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 $6,500 for the next 10 years and then $10,500 each year for the following 10 years. The IRR of this 20-year project is 13.11%. If the firm's WACC is 11%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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ISE Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders Professor, Marcia Millon Cornett, Otgo Erhemjamts
10th International Edition
1260571475, 9781260571479
