Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineering’s MARR is 21 %/year.
End of Year
|
Cash Flow (M$)
|
---|---|
0
|
-$12 |
1
|
-$1 |
2
|
$5 |
3
|
$2 |
4
|
$5 |
5
|
$5 |
6
|
$2 |
7
|
$5 |
What is the future worth of this investment? $
Carry all interim calculations to 5 decimal places and then round your final answer to 2 decimal places (in millions of dollars). The tolerance is ±0.2.
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