Question: Calculate the net present value (NPV) for a 10-year project with an initial investment of $30 comma 000 and a cash inflow of $6 comma
Calculate the net present value (NPV) for a 10-year project with an initial investment of $30 comma 000 and a cash inflow of $6 comma 000 per year. Assume that the firm has an opportunity cost of 17%. Comment on the acceptability of the project. The project's net present value is $ nothing. (Round to the nearest cent.) Is the project acceptable?(Select the best answer below.)
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