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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Based on the cash flows given below, calculate the PI of a project that has a required rate of return of 12 percent. Also, indicate whether the project should be accepted. (Round answer to 2 decimal places, e.g. 25.25.)

Year 0:   -$94,000  
Year 1:   $19,000  
Year 2:   $36,000  
Year 3:   -$16,000  
Year 4:   $103,000  

 

PI   Type your answer here  
Accept project   Choose your answer here                                                           
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