Question
What is the net present value (NPV) of a project that has an initial cash outflow of $16,220, at time 0, and the following cash
What is the net present value (NPV) of a project that has an initial cash outflow of $16,220, at time 0, and the following cash inflows? The required return is 15.0%. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
| Year | Cash Flow |
| 1 | $7,438 |
| 2 | $6,290 |
| 3 | $5,193 |
| 4 | $6,943 |
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Behavioral Finance And Wealth Management
Authors: Michael M. Pompian
2nd Edition
1118014324, 978-1118014325
