A project has an initial cost of 16000 and a 4-year life


A project has an initial cost of $16,000 and a 4-year life. The cash inflows are: year 1 = $7,000, year 2 = $8,400, year 3 = $3,600, and year 4 = $3,000. What is the value of the PI if the required return is 12 percent?

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Finance Basics: A project has an initial cost of 16000 and a 4-year life
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