Question
A project with an initial outlay of $5771 has a required rate of return of 9.77% and NPV of $718. Given the cash flows in
A project with an initial outlay of $5771 has a required rate of return of 9.77% and NPV of $718. Given the cash flows in the table below, find the cash flow in Year 2, to the nearest dollar.
| Year | Cash Flow |
|---|---|
| 1 | $1117 |
| 2 | CF2 = ??? |
| 3 | $1594 |
| 4 | $2193 |
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
