Question
Lucy purchased two trucks for her warehouse for a total of $58,000. This investment saved her $10,500 every year for 11 years. At the end
Lucy purchased two trucks for her warehouse for a total of $58,000. This investment saved her $10,500 every year for 11 years. At the end of year 11, she sells both the trucks for a total of $13,500.
a. What is the Net Present Value (NPV) of the investment if the required rate of return is 6%?
b. Does the investment meet the required rate of return?
Yes or No ?
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Legal Aspects Of Trade Finance
Authors: Charles Chatterjee
1st Edition
1857433890, 978-1857433890
