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Consider a project that is projected to cost $40,000 today and another $20,000 in one year. It is then forecasted to generate annual cash inflows
Consider a project that is projected to cost $40,000 today and another $20,000 in one year. It is then forecasted to generate annual cash inflows of $15,000 for
total of 9 years starting at the end of year 5. Cost of capital is 12%. What is the project's PI?
a. 0.88
b. 0.94
c. 1.01
d. 1.09
e. 1.18
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