Question: Calculate the net present value ( NPV ) for a 10-year project with an initial investment of $20,000 and a cash inflow of $2,000 per
Calculate the net present value (NPV) for a
10-year project with an initial investment of $20,000 and a cash inflow of $2,000 per year. Assume that the firm has an opportunity cost of 15%. Comment on the acceptability of the project.
What is theproject's net present value ?
(Round to the nearestcent.)
Is the projectacceptable? Yes or No
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