Question
A project requires an initial investment of $150,000 and generates cash flows of $60,000 annually for 5 years. If the discount rate is 9%, calculate
A project requires an initial investment of $150,000 and generates cash flows of $60,000 annually for 5 years. If the discount rate is 9%, calculate the net present value (NPV) of the project.
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
