Question
An investment under consideration has a payback of seven years and a cost of $870,000. Assume the cash flows are conventional. If the required return
An investment under consideration has a payback of seven years and a cost of $870,000. Assume the cash flows are conventional.
If the required return is 11%, what is the worst-case NPV?(Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
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Fundamentals of Corporate Finance
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
8th Edition
978-0073530628, 978-0077861629
