Question
Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at the end of each year: Year CF
Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at the end of each year:
| Year | CF (in $ million) |
| 0 | -40 |
| 1 | 20 |
| 2 | 30 |
| 3 | 40 |
SOLVE FOR THE FOLLOWING:
If the company requires a return of 18% from this project, what is the NPV (in $ million)?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski PhD
3rd Edition
1567932320, 978-1567932324
