Question
A project requires a cash outflow of -$9550 today. In one year, $7885 will be received. In two years, $1132 will be received. In three
A project requires a cash outflow of -$9550 today. In one year, $7885 will be received. In two years, $1132 will be received. In three years, another $7284 will be received, and in four years, $4209 will be received.
Given a discount rate of 7%, what is the NPV?
Answer in the format:
- Round to the nearest cent
- #0.00
- Do not round intermediary calculations. Use full precision of your calculator or Excel.
- Do not include commas or dollar signs
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Financial Shenanigans How To Detect Accounting Gimmicks And Fraud In Financial Reports
Authors: Howard M. Schilit, Jeremy Perler, Yoni Engelhart
4th Edition
126011726X, 9781260117264
