Question: Calculate the net present value (NPV) for a 15-year project with an initial investment of $10,000 and a cash inflow of $2,000 per year. Assume
Calculate the net present value (NPV) for a 15-year project with an initial investment of $10,000 and a cash inflow of $2,000 per year. Assume that the firm has an opportunity cost of 16%. Comment on the acceptability of the project.
The project's net present value is $ . (Round to the nearest cent.)
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