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Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment $370,000 Annual cash flow $121,000 per year Expected
Fimbrez Corporation has provided the following data concerning an investment project that it is considering:
Initial investment | $370,000 | |
Annual cash flow | $121,000 | per year |
Expected life of the project | 4 | years |
Discount rate | 10% |
Click here to view Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using table. |
The net present value of the project is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) |
$370,000
$(249,000)
$13,449
$(13,449)
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