A project is forecast to produce a safe cash flow of $800,000 a year for 20 years.

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A project is forecast to produce a safe cash flow of $800,000 a year for 20 years. If the discount rate is 4%, what is the present value of the project?

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Fundamentals Of Corporate Finance

ISBN: 9781264101566

11th Edition

Authors: Richard A. Brealey, Stewart C. Myers, Alan J. Marcus

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