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Andy wants to open a hair salon. He expects to earn the following cash flow Time 1 2 3 4 5 Cash Flow 7,000 1,000
Andy wants to open a hair salon. He expects to earn the following cash flow
| Time | 1 | 2 | 3 | 4 | 5 |
| Cash Flow | 7,000 | 1,000 | 10,000 | 7,000 | 7,000 |
If the appropriate discount rate is 9% what is the maximum amount that he could invest initially?
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
