A project has annual cash flows of $3,000 for the next 10 years and then $9,500 each year for the following 10 years. The IRR of this 20-year project is 11.55%. If the firm's WACC is 8%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
A project has annual cash flows of $3,000 for the next 10 years and then $9,500 each year for the following 10 years. The IRR of this 20-year project is 11.55%. If the firm's WACC is 8%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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