Question
Summerville has developed a project that requires an immediate investment of $330. The project's long-term cash flows are $115 for 4 consecutive years beginning in
Summerville has developed a project that requires an immediate investment of $330. The project's long-term cash flows are $115 for 4 consecutive years beginning in one year. If the project has a required rate of return of 8%, what is the project's NPV.
Round to 4 decimals
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
6th Edition
0077211332, 9780077211332
