Compute the NPV statistic for Project Y if the appropriate cost of capital

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Compute the NPV statistic for Project Y if the appropriate cost of capital
is 12 percent. (Negative amount should be indicated by a minus sign. Do
not round intermediate calculations and round your final answer to 2
decimal places.)
Project Y
Time:
1
2
3
4
Cash flow:
-$8,000
$3,350
$4,180
$1,520
$300
Transcribed Image Text:Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.) Project Y Time: 1 2 3 4 Cash flow: -$8,000 $3,350 $4,180 $1,520 $300
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