Question
LakeCraft is considering investing in a cruise ship with an expected life of 20 years that costs $60 million and will produce net cash flows
LakeCraft is considering investing in a cruise ship with an expected life of 20 years that costs $60 million and will produce net cash flows of $8 million per year. LakeCraft's cost of capital is 10%.
What is the payback period? Enter your answers rounded to 2 DECIMAL PLACES.
What is the net present value (NPV) of the project?
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
