Question
Great Northern Mining Company is planning to purchase of a $600,000 excavator. The excavator is expected to produce cash flows of $298,500, $259,000, and $90,000
Great Northern Mining Company is planning to purchase of a $600,000 excavator. The excavator is expected to produce cash flows of $298,500, $259,000, and $90,000 over the next three years. The rate of return on the excavator is:
Answer 4.68%
| 4.68% | ||
| 4.32% | ||
| 4.00% | ||
| 5% | ||
| 5.13% |
please do not use excel formula to answer this questions
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The Risk Modeling Evaluation Handbook Rethinking Financial Risk Management Methodologies In The Global Capital Markets
Authors: Greg Gregoriou, Christian Hoppe, Carsten Wehn
1st Edition
0071663703, 978-0071663700
