Question
Consider the Obsidian Project, which requires an investment of $362,868 initially, with subsequent cash flows of $58,160, $72,091 and $97,900. We can characterize the
Consider the Obsidian Project, which requires an investment of $362,868 initially, with subsequent cash flows of $58,160, $72,091 and $97,900. We can characterize the project with the following end-of-year cash flows: Period 0 Cash Flow 1 2 3 (362,868) 58,160 72,091 97,900 What is the net present value (NPV) of the Obsidian Project if the required rate of return for the project is 9%? Round your answer to 2 decimal places (e.g. 125.74632 = 125.75).
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Financial and Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
12th edition
978-1133952428, 1285078578, 1133952429, 978-1285078571
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