Use the following information to answer question #20 ~ #22. Three-year project with Initial investment:...
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Use the following information to answer question #20 ~ #22. Three-year project with Initial investment: $1,000 The 1st year cash flow: $400 Interest rate: 5% The 2nd year cash flow: $1,200 20. Which of the followings is NPV of this two-year project? 21. What is the payback period for this project? 22. The profitability index (PI) will be approximately calculated as
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