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The following details are provided by Ferrous Foundry Company: $5,020,000 Initial investment Discount rate 15% Yearly cash inflows 1 $1,256,000 23 $1,362,000 $2,408,000 $1,164,000
The following details are provided by Ferrous Foundry Company: $5,020,000 Initial investment Discount rate 15% Yearly cash inflows 1 $1,256,000 23 $1,362,000 $2,408,000 $1,164,000 4 Present Value of $1: 13% 14% 15% 1 0.885 0.877 0.87 2 0.783 0.769 0.756 3 0.693 0.675 0.658 4 0.613 0.592 0.572 What is the NPV of the project? A. $618,409 B. $(594,941) C. $(647,336) D. $592,360
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Accounting For Managers Interpreting Accounting Information for Decision Making
Authors: Paul M. Collier
4th edition
978-111997967, 1119979676, 978-1119979678
