Question
Davis Inc., is considering a project with the following cash flows. Year Cash Flows 0 -$98,777 1 $14,476 2 $18,072 3 $23,388 4 $29,170 5
Davis Inc., is considering a project with the following cash flows.
| Year | Cash Flows |
| 0 | -$98,777 |
| 1 | $14,476 |
| 2 | $18,072 |
| 3 | $23,388 |
| 4 | $29,170 |
| 5 | $32,534 |
What is the net present value (NPV) for this project if the appropriate discount rate is 7 percent?
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Public Finance In Theory And Practice
Authors: Holley Ulbrich
2nd Edition
041558597X, 978-0415585972
