Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter12: Capital Investment Analysis
Section: Chapter Questions
Problem 3CMA
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Question
Investment in a project that will yield £100,000 after five years at a cost of capital of 8.0%. This does not take inflation into consideration, which is expected to average 4.7% per annum over the next three years. What is the PV?
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