Multiple Choice
Story Company is investing in a giant crane. It is expected to cost 6.0 million in initial investment and it is expected to generate an end of year cash flow of 3.0 million each year for three years. Calculate the NPV at 12% (approximately) .
A) 2.4 million
B) 1.2. million
C) 0.80 million
D) 0.20 million
Correct Answer:
Verified
Correct Answer:
Verified
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