Question
Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $12,000 per year for 9 years, and its
Project L requires an initial outlay at t = 0 of $45,000, its expected cash inflows are $12,000 per year for 9 years, and its WACC is 14%. What is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
