Question
A project will yield cash flows of $37,627 in each of the next 5 years, with the first payment occurring in 1 year. The prevailing
A project will yield cash flows of $37,627 in each of the next 5 years, with the first payment occurring in 1 year. The prevailing interest rate is 16.43%. How much would you be willing to pay to invest in this project (i.e, what is the present value of the cash flows)?
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
