It is also known that the irr for this project is 15 and


A project has a first cost P, annual savings A and a salvage value of $500 at the end of its 10-year service life. It is also known that the IRR for this project is 15 %, and the payback period is 7 years. What is the project's first cost?

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Business Economics: It is also known that the irr for this project is 15 and
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