A company receives 13.78% per year from accounts. They are considering a project that will force them to wait 9 years, before then can consistently deposit profits of $95,497 every year for 15 years. How much is this project worth to them now?

A company receives 13.78% per year from accounts. They are considering a project that will force them to wait 9 years, before then can consistently deposit profits of $95,497 every year for 15 years. How much is this project worth to them now?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 22E

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