Question
Project B has an initial cost of $23,956 and its expected net cash flows are $6,000 p.a. for the next five years. If the required
Project B has an initial cost of $23,956 and its expected net cash flows are $6,000 p.a. for the next five years. If the required rate of return is 10%, what is the net present value of the project?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
