Answered step by step
Verified Expert Solution
Question
1 Approved Answer
I need to calculate the net present value assuming a 12% discount rate with the following information: Cash Flows Year 0: $0 Year 1: $2874000
I need to calculate the net present value assuming a 12% discount rate with the following information:
Cash Flows
Year 0: $0
Year 1: $2874000
Year 2: $2874000
Year 3: $2874000
Year 4 $4874000
I came up with $10,000,488 and 10000487.60 Both answers are incorrect. Please advise.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started