Question
NPV A project has an initial cost of $60,375, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital
NPV A project has an initial cost of $60,375, expected net cash inflows of $13,000 per year for 11 years, and a cost of capital of 8%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round your intermediate calculations. Round your answer to the nearest cent.
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
