Question
You are offered an investment with returns of $ 2,337 in year 1, $ 3,038 in year 2, and $ 3,047 in year 3. The
You are offered an investment with returns of $ 2,337 in year 1, $ 3,038 in year 2, and $ 3,047 in year 3. The investment will cost you $ 5,985 today. If the appropriate Cost of Capital (quoted interest rate) is 8.9 %, what is the Net Present Value of the investment?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
