Question
DOuglas has an an opportunity to invest in a project X, which is expected to generate $5,000 in year 1, $7,000 in year 2, and
DOuglas has an an opportunity to invest in a project X, which is expected to generate $5,000 in year 1, $7,000 in year 2, and $8,000 in year 3. The appropriate discount rate for the project is 10 percent. What is the initial investment of the project when the project's NPV is $4,000?
a.$17,609.25
b.$12,341.09
c.21,500.00
d.$20,218.50
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
