A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Year Cash Flow o 28,900 12,900 15,900 11,900 2. 3 What is the NPV for the project if the required return is 11 percent? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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A firm evaluates all of its projects by applying the NPV decision rule. A project under
consideration has the following cash flows:
Year Cash Flow
$28,900
12,900
15,900
11,900
2.
What is the NPV for the project if the required return is 11 percent? (Do not round
intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
NPV
Transcribed Image Text:A firm evaluates all of its projects by applying the NPV decision rule. A project under consideration has the following cash flows: Year Cash Flow $28,900 12,900 15,900 11,900 2. What is the NPV for the project if the required return is 11 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) NPV
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