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 18 %/year.
What is the present worth of this investment (in millions)? $enter a dollar amount
Carry all interim calculations to 2 decimal places and round your answer to the nearest million. The tolerance is ±0.05.
EOY
0
1
2
3
4
5
6
7
Cash Flows (M$)
$12
$1 $5 $2 $5 $5 $2 $5
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