Question: My INC is considering a project that requires an initial investment of $1 million. It will provide an annual cash inflow of $150,000 for the
My INC is considering a project that requires an initial investment of $1 million. It will provide an annual cash inflow of $150,000 for the first six years, $200,000 per year for Year 7 through Year 9, and $100,000 per year for Year 10 and Year 11. What is the project's net present value if the firms required rate of return is 10%?
Multiple Choice
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$8,561
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$9,320
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$7,645
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$5,750
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$6,882
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