Initial outlay is $34,752; required rate of return is 7.11%; and cash inflows at the end of the next 4 years are $11,889, $9,675, $11,856, and $14,212 in years 1 through 4 respectively. (Please enter your answer to the nearest penny, meaning $917.430698 would be entered as 917.43).

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter14: Multinational Capital Budgeting
Section: Chapter Questions
Problem 1IEE
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Given the following information, calculate the net present value:
Initial outlay is $34,752; required rate of return is 7.11%; and cash inflows at the end of the next 4
years are $11,889, $9,675, $11,856, and $14,212 in years 1 through 4 respectively. (Please enter your
answer to the nearest penny, meaning $917.430698 would be entered as 917.43).
Transcribed Image Text:Given the following information, calculate the net present value: Initial outlay is $34,752; required rate of return is 7.11%; and cash inflows at the end of the next 4 years are $11,889, $9,675, $11,856, and $14,212 in years 1 through 4 respectively. (Please enter your answer to the nearest penny, meaning $917.430698 would be entered as 917.43).
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