Question
Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $12,000 per year for 9 years, and its
Project L requires an initial outlay at t = 0 of $50,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 11%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
$
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
2nd edition
013299755X, 132162768, 9780132997553, 978-0132162760
