The Van Rhijn Corporation has decided to invest in a project that is expected to produce the following cash flows: Year 1 $7,000 Year 2
The Van Rhijn Corporation has decided to invest in a project that is expected to produce the following cash flows:
| Year 1 | $7,000 |
| Year 2 | 5,000 |
| Year 3 | 3,000 |
The project would require a $8,000 initial investment. Assuming an interest of six percent, what is the net present value of the project?
Use time value of money factors with at least 4 decimals places. As needed, round your final answer (but not intermediate steps) to the nearest whole dollar.
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Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall, Foster Horngren, Data Horngren
3rd Canadian Edition
0130355801, 978-0130355805
