Question
You have an opportunity to invest $ 49,600 now in return for $ 60,100 in one year. If your cost of capital is 7.9 %,
You have an opportunity to invest $ 49,600 now in return for $ 60,100 in one year. If your cost of capital is 7.9 %, what is the NPV of this investment?
The NPV will be $___. (Round to the nearest cent.)
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Introduction to Finance Markets, Investments and Financial Management
Authors: Ronald W. Melicher, Edgar A. Norton
16th edition
1119398282, 978-1-119-3211, 1119321115, 978-1119398288
