Question
NPV A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 12 years, and a cost of capital
NPV
A project has an initial cost of $40,000, expected net cash inflows of $9,000 per year for 12 years, and a cost of capital of 14%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent
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Investments
Authors: Zvi Bodie, Alan J. Marcus, Alex Kane
6th Edition
0072861789, 9780072861785
