Question
You are offered an investment with returns of $ 2,652 in year 1, $ 3,108 in year 2, and $ 4,069 in year 3. The
You are offered an investment with returns of $ 2,652 in year 1, $ 3,108 in year 2, and $ 4,069 in year 3. The investment will cost you $ 5,894 today. If the appropriate Cost of Capital is 8.9 %, what is the Net present Value of the investment?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
