Listenthe firm's opportunity cost of funds is 8%, then what is the present value of theproject, to the firm, to the nearest dollar? $

Part 2: Explanation:Step 1: Calculate the present value using the formula for present value (PV):\[…

Answered: Listen the firm's opportunity cost of…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter8: Business Organizations

Section: Chapter Questions

Problem 11AA

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Listen the firm's opportunity cost of funds is 8%, then what is the present value of the project, to the firm, to the nearest dollar? $