Quincy Corp, is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. Quincy's required rate of return is 0.072. What is the net present value of this project? Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number. E. g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6,$ 7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong answer.

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
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Quincy Corp, is considering a new inventory system that will cost $750,000. The system is expected to generate positive
cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year
three, and $180,000 in year four. Quincy's required rate of return is 0.072. What is the net present value of this project?
Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest
whole number. E. g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6,$
7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong answer.
C
Quincy Corp. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one,
$325,000 in year two, $150,000 in year three, and $180,000 in year four. Quincy's required rate of return is 0.072. What is the net present value of this project?
Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number. E.g., if your answer is
$7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6, $7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong answer.
Transcribed Image Text:Quincy Corp, is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. Quincy's required rate of return is 0.072. What is the net present value of this project? Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number. E. g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6,$ 7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong answer. C Quincy Corp. is considering a new inventory system that will cost $750,000. The system is expected to generate positive cash flows over the next four years in the amounts of $350,000 in year one, $325,000 in year two, $150,000 in year three, and $180,000 in year four. Quincy's required rate of return is 0.072. What is the net present value of this project? Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to the nearest whole number. E.g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6, $7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong answer.
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