Cigna, Inc., a large conglomerate firm, plans to build a new tollway. The cost (NINV) of...
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Cigna, Inc., a large conglomerate firm, plans to build a new tollway. The cost (NINV) of the project is expected to be $3.2 billion. Net cash inflows are expected to equal $978 million per year. How many years must the firm generate this cash inflow stream for investors to earn their required 28 percent rate of return? Around 8 years Around 10 years Around 6 years Around 3 years Cigna, Inc., a large conglomerate firm, plans to build a new tollway. The cost (NINV) of the project is expected to be $3.2 billion. Net cash inflows are expected to equal $978 million per year. How many years must the firm generate this cash inflow stream for investors to earn their required 28 percent rate of return? Around 8 years Around 10 years Around 6 years Around 3 years
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Related Book For
Contemporary Financial Management
ISBN: 9780324289114
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
Posted Date:
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