Question
State College LLC recently bought a piece of machinery for $25 million and expects cash flows generated from the investment in the next three years
State College LLC recently bought a piece of machinery for $25 million and expects cash flows generated from the investment in the next three years to be: $9 million, $14 million, and $18 million. Using a discount rate of 10%, calculate the NPV of the investment (rounded to the nearest million).
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
