Question
Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $13,000 per year for 9 years, and its
Project L requires an initial outlay at t = 0 of $65,000, its expected cash inflows are $13,000 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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Fundamentals Of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
14th Edition
0135175216, 978-0135175217
