Practical Management Science
Practical Management Science
5th Edition
ISBN: 9781305250901
Author: Wayne L. Winston, S. Christian Albright
Publisher: Cengage Learning
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Chapter 2, Problem 36P
Summary Introduction

To determine: Using the data table, observe the change in project payback with change in 1st year cash flow.

Net present value (NPV):

It the difference in the present value of cash inflows and outflows. NPV is used to analyze the profitability of a project over a period of time.

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