50.1K
Verified Solution
Link Copied!
- A business is considering an investment alternative that has the following projected information:
Upfront investment cost $60,000
Life of investment 10 years
Minimum required rate of return 8%
Annual cash flows:
Cash revenues ?
Cash expenses $20,000
Determine the MINIMUM amount of annual revenues that must be generated by this investment in order to for it to be an acceptable investment using NPV.
Last response doesn't make any sense at all
Answer & Explanation
Solved by verified expert