Question
The cost of a new piece of equipment is $42000. It is expected that the new piece of equipment will lead to cash flows of
The cost of a new piece of equipment is $42000. It is expected that the new piece of equipment will lead to cash flows of $17000, $29000, and $40000 over the next three years. Discount rate is 12% what is the net present value (NPV) of this investment? Explain the findings
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Public Finance and Public Policy
Authors: Jonathan Gruber
5th edition
1464143331, 978-1464143335
