Question
The Cambro Foundation, a nonprofit organization, is planning to invest $220,158 in a project that will last for three years. The project will produce net
The Cambro Foundation, a nonprofit organization, is planning to invest $220,158 in a project that will last for three years. The project will produce net cash inflows as follows:
| Year 1 | $ 66,000 |
|---|---|
| Year 2 | $ 84,000 |
| Year 3 | ? |
Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using table.
Required:
Assuming that the project will yield exactly a 6% rate of return, what is the expected net cash inflow for Year 3?
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Sarbanes Oxley Internal Controls Effective Auditing With AS5 CobiT And ITIL
Authors: Robert R. Moeller
1st Edition
0470170921, 978-0470170922
