Question
Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $2,000, $2,000 and $12,000 in the three
Stone Inc. is evaluating a project with an initial cost of $9,500. Cash inflows are expected to be $2,000, $2,000 and $12,000 in the three years over which the project will produce cash flows. If the discount rate is 15%, what is the net present value of the project?
A. $1258
B. $4326
C. - $1203
D. $1642
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
