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Keller Williams real estate company is considering investment in a new land development project. The project will produce operating cash flow of $29,300 a year
Keller Williams real estate company is considering investment in a new land development project. The project will produce operating cash flow of $29,300 a year for 6 years. To start the project the company has to invest $96,300 in new fixed assets which will be worthless at the end of the project. In addition, the project requires $7,200 of net working capital. What is the net present value of this project at a required rate of return of 11 percent? $29.959 $32,099 $27,655 $24,304
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