Question
You are considering a three-year project that costs $1,000, and has expected cash flows of $300 at the end of the 1st year, $400 at
You are considering a three-year project that costs $1,000, and has expected cash flows of $300 at the end of the 1st year, $400 at the end of the 2nd year, and $500 at the end of the 3rd year. Given a 10% required rate of return, what is the project's net present value?
[Hint: PV = FV/(1+ r)t ]
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
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