Question
LakeCraft is considering investing in a transport ship with an expected life of 15 years that costs $100 million and will produce net cash flows
LakeCraft is considering investing in a transport ship with an expected life of 15 years that costs $100 million and will produce net cash flows of $8 million per year. LakeCraft's cost of capital is 11%. Enter your answers rounded to 2 DECIMAL PLACES.
What is the payback period?
What is the net present value (NPV) of the project?
million (Enter your answer in millions of dollars)
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Multinational Finance
Authors: Kirt C. Butler
3rd Edition
0324177453, 978-0324177459
