It has a single payoff at the end of year 9 of 8791 what is


A project has an initial outlay of $2,978. It has a single payoff at the end of year 9 of $8,791. What is the net present value (NPV) of the project if the company’s cost of capital is 14.61 percent? Round the answer to two decimal places.

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Financial Management: It has a single payoff at the end of year 9 of 8791 what is
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