Question
SheridanInc is considering an investment project with the following characteristics: internal rate of return factor3.950; net income $40000; net annual cash inflow $140000; depreciation expense
SheridanInc is considering an investment project with the following characteristics: internal rate of return factor3.950; net income $40000; net annual cash inflow $140000; depreciation expense $87000. What was the amount of the initial investment?
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College Accounting Chapters 1-13
Authors: John Price
14th Edition
007763991X, 9780077639914
