Question: Hi, can you please provide me with the answer, with one of the options provided and an explination please? Thank you, I appreciate your time!
Hi, can you please provide me with the answer, with one of the options provided and an explination please? Thank you, I appreciate your time!
Which of the following statements is true for a project with a $20,000 initial cost, cash inflows of $6,667 per year for 6 years, and a discount rate of 15%? Its profitability index is 0.104 . Its payback period is 3 years. Its IRR is 17.85%
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
