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A project that provides annual cash flows of $2,700 for nine years costs $8,800 today. At a required return of 9 percent, what is the
A project that provides annual cash flows of $2,700 for nine years costs $8,800 today.
At a required return of 9 percent, what is the NPV of the project? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
NPV $ __________
At a required return of 28 percent, what is the NPV of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
NPV $ _____________
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