Question
What is the net present value (NPV) of a project that has an initial cash outflow of $18,921, at time 0, and the following cash
What is the net present value (NPV) of a project that has an initial cash outflow of $18,921, at time 0, and the following cash inflows? The required return is 13.0%. DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST DOLLAR.
| Year | Cash Flow |
| 1 | $7,845 |
| 2 | $7,557 |
| 3 | $7,134 |
| 4 | $7,700 |
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Behavioral Finance
Authors: Edwin Burton, Sunit N. Shah
1st Edition
111830019X, 978-1118300190
