Question: A Project manager examines a future project that will cost R9.5 million and require working capital outlay of R500 000 and produce R1 million per

A Project manager examines a future project that will cost R9.5

A Project manager examines a future project that will cost R9.5 million and require working capital outlay of R500 000 and produce R1 million per year for the next 10 years. Assume that the discount rate is 8%. What will the project's initial cash flow be? A. R9 000000 B. R10 000000 C. R9 500000 D. R1 000000

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