Question
What is the net present value of a project that requires an initial investment of $76,000 and produces net cash flows of $22,000 per year
What is the net present value of a project that requires an initial investment of $76,000 and produces net cash flows of $22,000 per year for 7 years? Assume the discount rate is 15 percent.
| a. | $91,520 |
| b. | $15,520 |
| c. | $78,000 |
| d. | $167,474 |
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
