Question
NPV A project has an initial cost of $55,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital
NPV
A project has an initial cost of $55,000, expected net cash inflows of $9,000 per year for 11 years, and a cost of capital of 9%. 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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Multinational Business Finance
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
15th Global Edition
129227008X, 9781292270081
