Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Moates Corporation has provided the following data concerning an investment project that it is considering:
Initial investment
Annual cash flow
Expected life of the project
Discount rate
$410,000
$ 117,000 per year
4 years
9%
Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided.
The net present value of the project is closest to:
Multiple Choice
О
○ $58,000
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Transcribed Image Text:Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment Annual cash flow Expected life of the project Discount rate $410,000 $ 117,000 per year 4 years 9% Click here to view Exhibit 7B-1 and Exhibit 7B-2, to determine the appropriate discount factor(s) using the tables provided. The net present value of the project is closest to: Multiple Choice О ○ $58,000
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