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Question 8 011 pts Nike is considering to develop a new shoe line. This project would require an investment in a new factory and machinery
Question 8 011 pts Nike is considering to develop a new shoe line. This project would require an investment in a new factory and machinery and would sold in the next three years. The projected cash flows from these new shoes are 49 million $ next year. And 96 and 78 million $ in year 2 and 3, respectively. If the discount rate that Nike applies to this project is 10%, what it the present value of the revenues from this project? (Provide your answer in million $) 291,000,000 183 margin of error +/- 10%
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