A project has annual cash flows of $7,000 for the next 10 years and then $5,500...

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A project has annual cash flows of $7,000 for the next 10 yearsand then $5,500 each year for the following 10 years. The IRR ofthis 20-year project is 11.38%. If the firm's WACC is 9%, what isthe project's NPV? Round your answer to the nearest cent. Do notround your intermediate calculations.

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A project has annual cash flows of $7,000 for the next 10 yearsand then $5,500 each year for the following 10 years. The IRR ofthis 20-year project is 11.38%. If the firm's WACC is 9%, what isthe project's NPV? Round your answer to the nearest cent. Do notround your intermediate calculations.

A project has annual cash flows of $7,000 for the next 10 years and then $5,500...

80.2K

Verified Solution

Question

Finance

A project has annual cash flows of $7,000 for the next 10 yearsand then $5,500 each year for the following 10 years. The IRR ofthis 20-year project is 11.38%. If the firm's WACC is 9%, what isthe project's NPV? Round your answer to the nearest cent. Do notround your intermediate calculations.

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