This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables t

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answerhappygod
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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables t

Post by answerhappygod »

This set of problems is designed to be calculated using
the Excel or financial calculator. Do not use financial
tables to calculate these problems.
A project has an initial outlay of $1,607. It has a single
payoff at the end of year 3 of $7,194. What is the net present
value (NPV) of the project if the company’s cost of capital is
10.21 percent?
Round the answer to two decimal places.
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