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The XXX at very bottom supposed to be numbers that I'm confused about when calculating. I've also screenshot the problem. The company has a project
The "XXX" at very bottom supposed to be numbers that I'm confused about when calculating. I've also screenshot the problem.
The company has a project with a 5-year life, an initial investment of $220,000, and is expected to ' yield annual cash flows of $55,000. Whathat is the present value index of the project if the required rate of return is set at 6%? Total present value of net cash flows Present value index Initial investment Calculation Steps Note: Round total present value of net cash flows and initial investment to nearest dollar. Round present value index to two decimal places. E Presentvaluelndex= ', 220,000 V' =:] XStep by Step Solution
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