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QUESTION

Chapter 11, p.

Chapter 11, p. 489 11-6 - Cash Flow Estimation and Risk Analysis (Brigham and Ehrhardt - Financial Management 15th edition)

I put the following through the cash flow and got an NPV of -1,116,803,210, when the answer is 77,663.56

Cfo = -1,118,000,000

C01 = 375,612.140

C02 = 418,521.440

C03 = 741,491.330 (304,148.08 + 437.343.25)

<NPV>

I=12 <down arrow>

<CPT><NPV>-1,116,803,210.

Please explain what I am doing wrong. Thanks in advance.

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