Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question
A potential project provides the following:
Initial Investment = 36,101
Annual cash Flows = 12,101
period= 5 years
What is the discount rate If NPV = 0?
Answer in the format:
- #0.00
- Answer as a percentage but without the % sign
Example 0 0651 is entered as 6.51
- Do not round intermediary calculations. Use full precision of your calculator or Excel.
- Do not include commas or dollar signs.
- Round properly to two decimal places
- Example: .157835 would be .16
- Example: 2.3491 would be entered 2.35
HINT: Be sure your answer is percentage
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