Question
Michele is considering an investment with the following cash flows. What is the net present value of the project if the required rate of return
Michele is considering an investment with the following cash flows. What is the net present value of the project if the required rate of return is 9 percent . Should you accept the project?
| Year | Cash Flow |
| Cost | $ (54,100) |
| 1 | $ 24,400 |
| 2 | $ 15,000 |
| 3 | $ 10,050 |
| 4 | $ 16,000 |
Please do work on excel and show the solution way. Thanks!
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Financial Informatics An Information Based Approach To Asset Pricing
Authors: Dorje C Brody, Lane Palmer Hughston, Andrea Macrina
1st Edition
9811246483, 978-9811246487
