Find the net present value of a project that has cash flows of $12,000in Year 1,

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Find the net present value of a project that has cash flows of − $12,000in Year 1, + $5,000 in Years 2 and 3, − $2,000 in Year 4, and + $6,000in Years 5 and 6. Use an interest rate of 12%. Find the interest rate that gives a net present value of zero.
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Making Hard Decisions with decision tools

ISBN: 978-0538797573

3rd edition

Authors: Robert Clemen, Terence Reilly

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