Question: A project has estimated annual net cash flows of $ 96,200 for four years and is estimated to cost $ 315,500. Assume a minimum acceptable
A project has estimated annual net cash flows of $ 96,200 for four years and is estimated to cost $ 315,500. Assume a minimum acceptable rate of return of 10%. Using Exhibit 2, determine
(1) The net present value of the project
(2) The present value index, rounded to two decimal places.
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