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Problem 1 2 - 2 0 ( Algo ) Reinvestment rate assumption in capital budgeting [ LO 1 2 - 4 ] Turner Video will

Problem 12-20(Algo) Reinvestment rate assumption in capital budgeting [LO12-4]
Turner Video will invest $50,500 in a project. The firm's cost of capital is 10 percent. The investment will provide the following inflows. Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods.
\table[[Year,Inflow],[1,$11,000
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