Question: A project your firm is considering requires an investment today of $ 5 8 , 0 0 0 and is forecasted to generate a cash

A project your firm is considering requires an investment today of $

58, 000

and is forecasted to generate a cash flows starting one year from today of $

5962

per year forever. If the appropriate discount rate for capital budgeting purposes is

6.3 %

per year, what is the NPV

?

Enter your answer accurate and rounded to the nearest dollar

(

i

.

e

.,

the nearest integer

) .

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Short Term Financial Management 3rd Edition by Terry S. Maness, John T. Zietlow

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