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The future cash flows of a stand-alone capital project follow: Year 0 1 2 3 Cash flow ($5,000) $3,500 $2,500 $3,500 If the company's cost
The future cash flows of a stand-alone capital project follow:
| Year | 0 | 1 | 2 | 3 |
| Cash flow | ($5,000) | $3,500 | $2,500 | $3,500 |
If the company's cost of capital is 12%, what is the approximate NPV of the project?
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Financial Management Principles And Applications
Authors: Arthur J. Keown
9th Edition
013033362X, 9780130333629
