The first cost of capital is 10 percent and the projects


John Thorney has been presented with an investment opportunity that will yield end of year cash flows of 45000 per year in years 1 through 3, 38000 per year in years 4 through 9, and 42000 in year 10. The first cost of capital is 10 percent and the projects IRR is 19.9483%. What is the npv for this investment?

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Financial Management: The first cost of capital is 10 percent and the projects
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