Question
Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the
Monroe, Inc., is evaluating a project. The company uses a 13.8 percent discount rate for this project. Cost and cash flows are shown in the table. What is the NPV of the project? Round to two decimal places.
YearProject
0($11,368,000)
1$2,157,589
2$3,787,552
3$3,200,650
4$4,115,899
5$4,556,424
Round to two decimal places.
Your Answer:
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
