Question
HW HELP: Managerial Accounting Fimbrez Corporation has provided the following data concerning an investment project that it is considering: Initial investment: $230,000 Annual cash flow:
HW HELP: Managerial Accounting
Fimbrez Corporation has provided the following data concerning an investment project that it is considering:
Initial investment: | $230,000 |
Annual cash flow: | $132,000 per year |
Expected life of the project: | 4 years |
Discount rate: | 12% |
Click here to viewExhibit 13B-1andExhibit 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.)
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Accounting
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
9th edition
1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227
