Single corporation just made a three-year investment in a project. The initial investment was $15,060, with annual cash inflows of $7,000 in the first year, $8,000 in the second year, and $9,000 in the third year. The corporation anticipates a 15% necessary return; What is the project's net present value?
Single corporation just made a three-year investment in a project. The initial investment was $15,060, with annual
Year Present Value Present value of an
1 .800 .870
2 .756 1.626
3 .658 2.283
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
