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 Accounting
Authors: Libby, Short
6th Edition
978-0073526881
