Question: A firm is considering two projects, A and B. Each project will last for 4 years. The projects are MUTUALLY EXCLUSIVE. The projected cash flows

A firm is considering two projects, A and B. Each project will last for 4 years. The projects are MUTUALLY EXCLUSIVE. The projected cash flows for each project are shown below: Year 0 1 2 2 3 4 Project A -18.00 8.00 8.00 6.00 4.00 Project B -31.00 10.00 9.00 10.00 7.00 The cost of capital facing the firm is 5.00%. What is the NPV of project A at the cost of capital? Submit Answer format: Currency: Round to: 2 decimal places
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