Question
You are considering the investment of $7,000 (today) in a lemonade stand. Also, you expect the stand to generate the following future cash flows: At
You are considering the investment of $7,000 (today) in a lemonade stand.
Also, you expect the stand to generate the following future cash flows:
At the end of year 1: $10,000
At the end of year 2: $7,000
At the end of year 3: $10,000
At the end of year 4: $10,000
What is the NPV (Net Present Value) of this project, if you require a 20% rate of return?
(Answer to the nearest $0.01)
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Contemporary Issues In Development Finance
Authors: Joshua Yindenaba Abor, Robert Lensink, Charles Komla Delali Adjasi
1st Edition
1138324329, 978-1138324329
