Question
The Timothy Company is considering a project that it expects will generate the following cash flows: Year 1 $900 Year 2 700 Year 3 600
The Timothy Company is considering a project that it expects will generate the following cash flows:
| Year 1 | $900 |
| Year 2 | 700 |
| Year 3 | 600 |
If the project cost $1,800, what is the net present value of the project assuming an interest rate of 4 percent?
Use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
