Given the following information, calculate the net present value: Initial outlay is $48,282; required rate of return is 10.95% ; and cash inflows at the end of the next 4 years are $11,279, $10,882, $12,261, and $17,656 in years 1 through 4 respectively. (Please enter your answer to the nearest penny, meaning $917.430698 would be entered as 917.43).
Given the following information, calculate the net present value: Initial outlay is $48,282; required rate of return is 10.95% ; and cash inflows at the end of the next 4 years are $11,279, $10,882, $12,261, and $17,656 in years 1 through 4 respectively. (Please enter your answer to the nearest penny, meaning $917.430698 would be entered as 917.43).
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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