Cash flows from a new project are expected to be $4,000, $5,000, and $3,000 over the next 3 years, respectively. Assuming an initial cost of $10,000 and a required return of 9%, what is the project's PI?   Question 8 options:   0.96   1.04   1.02   0.99   1.06

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Cash flows from a new project are expected to be $4,000, $5,000, and $3,000 over the next 3 years, respectively. Assuming an initial cost of $10,000 and a required return of 9%, what is the project's PI?
 

Question 8 options:

 
0.96
 
1.04
 
1.02
 
0.99
 
1.06
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