Question
You are offered an investment with returns of $ 2,168 in year 1, $ 4,219 in year 2, and $ 4,080 in year 3. The
You are offered an investment with returns of $ 2,168 in year 1, $ 4,219 in year 2, and $ 4,080 in year 3. The investment will cost you $ 7,532 today. If the appropriate Cost of Capital is 10.3 %, what is the Net present Value of the investment?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
