Question
What is the PI of a project that costs $32,000 today and is expected to generate annual cash inflows of $11,000 for the next 7
What is the PI of a project that costs $32,000 today and is expected to generate annual cash inflows of $11,000 for the next 7 years, followed by a final inflow of $14,000 in year 8. Cost of capital is 8.6%. Round to two decimal places.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
