Question: Need help with this problem. Please show steps. What is the net present value of a project that has an initial cash outflow of $16,270
Need help with this problem. Please show steps.
What is the net present value of a project that has an initial cash outflow of $16,270 and the following cash inflows? The required return is 10.5%.
| year | cash inflow |
| 1 | 4100 |
| 2 | 0 |
| 3 | 8750 |
| 4 | 4375 |
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