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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.
