Question
Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $8,000 per year for 9 years, and
Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $8,000 per year for 9 years, and its WACC is 9%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
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