Question
A project requires a initial investment of $10,000 and it produces net cash flows of $10,000 one year from now and $2,000 two years from
A project requires a initial investment of $10,000 and it produces net cash flows of $10,000 one year from now and $2,000 two years from now. The annual effective interest rate is 11%. Determine the project's net present value and internal rate of return.
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Making Hard Decisions with decision tools
Authors: Robert Clemen, Terence Reilly
3rd edition
538797576, 978-0538797573
