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The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is looking up. As a result,
The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up". As a result, the cemetery project will provide a net cash inflow of $120 for the firm during the first year, and the cash flows are projected to grow at a rate of 5.03 percent per year over the next 15 years, after which the project terminates. The project requires an initial investment of $1,169. Calculate the NPV of the project. All numbers are in $'000s.
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