Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Assume an investment has cash flows of −$25,200, $7,000, $8,000, $8,500, and $9,000 for Years 0 to 4, respectively.
What is the NPV if the required return is 12 percent? (do not round intermediate calculations, enter negative number with a minus sign and round your answer to 2 decimal places, e.g., -32.16.)
Should the project be accepted or rejected?
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