Question
A project requires an initial investment of $4800 and will produce cash inflows of $1400 at the end of year 1 and $2200 at the
A project requires an initial investment of $4800 and will produce cash inflows of $1400 at the end of year 1 and $2200 at the end of year 2. What should be the minimum salvage value at the end of year 3 in order to have an IRR of at least 16% (there is no other cash flow in year 3)?
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
