Question
Tampa Corporation is considering an investment proposal that will require an initial outlay of $820,000 and would yield yearly cash inflows of $216,000 for nine
Tampa Corporation is considering an investment proposal that will require an initial outlay of $820,000 and would yield yearly cash inflows of $216,000 for nine years. The company uses a discount rate of 10%. What is the NPV of the investment?
| a | $378,000 |
| b | $423,944 |
| c | $410,000 |
| d | $251,667 |
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Auditing Assurance Services and Ethics in Australia an Integrated Approach
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
9th edition
978-1442539365, 1442539364
