Business, 07.08.2021 01:10 ashleyrichard29

Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9000 and annual cash inflows were $21000 for year 1; $24000 for year 2; and $27000 for year 3. The initial investment for the project, assuming a 15% required rate of return, was: Present value PV of an Annuity
Year of 1 at 15% of 1 at 15%
1 .870 .870
2 .756 1.626
3 .658 2.183
a. $45, 792.
b. $45, 180.
c. $29, 232.
d. $38, 376.

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Sloan Inc. recently invested in a project with a 3-year life span. The net present value was $9000 a...

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