Question: Suppose you're presented with a proposal for a project that costs $4,200 and will bring in $20,100 the first year. The next year, you'll have
Suppose you're presented with a proposal for a project that costs $4,200 and will bring in $20,100 the first year. The next year, you'll have to pay ou $15,000. With a cost of capital of 14%, calculate the net present value (NPV) for this project. The NPV of the project is (Round to the nearest cent)
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