Question
A very peculiar project with a 38-year life requires an immediate investment of -$935,000 and will generate +$1,000 in year 1; +$2,000 in year 2;
A very peculiar project with a 38-year life requires an immediate investment of -$935,000 and will generate +$1,000 in year 1; +$2,000 in year 2; +$3,000 in year 3; ... and so on until the end of its life. What is the NPV of this project for a discount rate of 0%? Round the answer to the nearest dollar. (Acceptable error = $1,000)
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Entrepreneurial Finance Finance For Small Business
Authors: Philip J. Adelman
1st Edition
0138129835, 9780138129835
