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Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment $240,000 Annual cash flow $133,000 per year Expected
Fimbrez Corporation has provided the following data concerning an investment project that it is considering:
Initial investment | $240,000 | |
Annual cash flow | $133,000 | per year |
Expected life of the project | 4 | years |
Discount rate | 13% |
Use Excel or financial calculator to solve.
The net present value of the project is closest to: (Round final answers to the nearest dollar amount.) |
rev: 05_13_2016_QC_CS-51636
$(107,000)
$155,542
$240,000
$(155,542)
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