Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a project requires a $33,000 initial investment an

A project requires a $33,000 initial investment and is expected to generate end-of-period annual cash...

60.1K

Verified Solution

Question

Accounting

A project requires a $33,000 initial investment and is expected to generate end-of-period annual cash inflows as follows: Year 1 Year 2 Year 3 Total $ 13,200 $ 8,600 $ 11,200 $ 33,000 Assuming a discount rate of 12%, what is the net present value (rounded to the nearest whole dollar) of this investment? Selected present value factors for a single sum are shown in the table below: i = 12% i = 12% i = 12% n = 1 n = 2 n = 3 0.8929 0.7972 0.7118

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Medical Sciences
1.2K views

Explain how high levels of air pollution can influence the frequency of bacterial diseases such as...

Psychology
1.2K views

How could conservative populism be easily be tipped into extremism?

Advance Math
1.2K views

As part of a liability defence (see the Wikipedia page on Liebeck v. McDonald's for a...

Basic Math
1.2K views

In general it is difficult to show that two matrices are similar However if two...

Basic Math
1.2K views

A doctor is studying the effects that the amount of junk food has on blood...

Calculus
1.2K views

Suppose f x is defined at 1 and lim f x exists but lim 4...

Algebra
1.2K views

S 02 02 48 On January 1 Year 1 Jones Company issued bonds with a...

Accounting
1.2K views

Define what is Auditing and describe the three types of Audits and three types of...

Accounting
1.2K views

Interest expenses OMR 200 Interest payable OMR 100 Advertisement OMR 50 Insurance expense OMR 60...

Accounting
1.2K views

Starcups Cotfee Company is launching a new sustainability initiative that would reward customefs for purchasing...

Accounting
1.2K views

At the end of the prior year, Company reported the following information: Accounts Receivable (Gross)...

Accounting
1.2K views

PLEASE HELP ...if you have to zoom in on the pics, my apologies. it was...