A project has an initial cost of $92,500, a life of 8 years, and equal annual cash
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A project has an initial cost of $92,500, a life of 8 years, and equal annual cash inflows. The required return is 9.1 percent. According to the profitability index decision rule, what is the minimum annual cash flow necessary to accept the project?
Related Book For
Intermediate Financial Management
ISBN: 978-1285850030
12th edition
Authors: Eugene F. Brigham, Phillip R. Daves
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