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Cornell Enterprises is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected
Cornell Enterprises is considering a project that has the following cash flow and WACC data. What is the project's NPV? Note that a project's projected NPV can be negative, in which case it will be rejected.
| WACC: | 10.00% | |||
| Year | 0 | 1 | 2 | 3 |
| Cash flows | $1,050 | $450 | $460 | $470 |
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