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Please break down simply and do not use excel! I'm really trying to understand this stuff :) Calculate the net present value (NPV) for the
Please break down simply and do not use excel! I'm really trying to understand this stuff :)
Calculate the net present value (NPV) for the following project. The project requires an initial investment of $1,980 and provides 5 annual cash inflows of $150. Assume a cost of capital of 12.6%. The net present value is $ . (Round to the nearest cent.)Step by Step Solution
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