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QUESTION

Homework #6B (NPV)

Homework #6B (NPV)

Finance

Question 1 (1 point)

 

Find the net present value (NPV) for the following series of future cash flows, assuming the company’s cost of capital is 8.07 percent. The initial outlay is $347,871.

Year 1: 181,964

Year 2: 166,018

Year 3: 169,021

Year 4: 165,004

Year 5: 162,195

Round the answer to two decimal places. 

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