Question
You are offered an investment with returns of $ 2,547 in year 1, $ 3,513 in year 2, and $ 5,319 in year 3. The
You are offered an investment with returns of $ 2,547 in year 1, $ 3,513 in year 2, and $ 5,319 in year 3. The investment will cost you $ 6,779 today. If the appropriate Cost of Capital is 8.9 %, what is the Net present Value of the investment?
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
