An all equity financed project has a 5-year life and is expected to generate the following net
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An all equity financed project has a 5-year life and is expected to generate the following net income: year 1: $86 The project has no working capital. The production equipment for the project was purchased at time 0 for $639 and depreciated straightline to $0 over the life of the project. The equipment has no salvage value at the end of the project. The project cost of capital is 7.7%. The tax rate is 11%. What is the NPV of the project? Give your answer to the nearest whole dollar. | |||||
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: