What is the projects pi
Problem:
A project has an initial cost of $49,500, expected net cash flows of $12,000 per year for 7 years, and a cost of capital of 13%.
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Question: What is the projects PI?
Note: Please show the work not just the answer.
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What is the projects PI? Note: Please show the work not just the answer.
What is the projects payback period? Note: Please show how to work it out.
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