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A project that provides annual positive cash flows of $12000 for nine years costs $63,000 today. The first positive CF will be received one year
A project that provides annual positive cash flows of $12000 for nine years costs $63,000 today. The first positive CF will be received one year from now. What is the NPV for the project if the rocc is 10.5 percent? Hint: you can do this problem by hand, but its quicker to solve in Excel. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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