Suppose Third State Bank wants to add a new branch office. They have determined that the cost
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Suppose Third State Bank wants to add a new branch office. They have determined that the cost of construction on the new facility will be $1.5 million with another $500,000 in organizational costs. Third StateBank has estimated that they will generate $319,522 in net revenues. If the Third State Bank requires a 17%return on its money, what is this project's net present value?
Related Book For
Financial Management for Public Health and Not for Profit Organizations
ISBN: 978-0132805667
4th edition
Authors: Steven A. Finkler, Thad Calabrese
Posted Date: