A project has annual cash flows of $7,500 for the next 10 years and then $6,000 each year for the following 10 years. The IRR of this 20-year project is 13.56%. If the firm's WACC is 10%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $

A project has annual cash flows of $7,500 for the next 10 years and then $6,000 each year for the following 10 years. The IRR of this 20-year project is 13.56%. If the firm's WACC is 10%, what is the project's NPV? Do not round intermediate calculations. Round your answer to the nearest cent. $

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter12: Capital Budgeting: Decision Criteria

Section: Chapter Questions

Problem 1P: A project has an initial cost of 40,000, expected net cash inflows of 9,000 per year for 7 years,...

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Question

A project has annual cash flows of $7,500 for the next 10 years and then $6,000 each year for the following 10 years. The IRR of this 20-year project is 13.56%. If the firm's WACC is 10%, what is the project's NPV? Do not round intermediate calculations.
Round your answer to the nearest cent.
$

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