Multiple Choice
Capital budgeting usually involves discounting future cash flows to the current period. If the interest rate is 10 percent per year, what is the current value of a project with $1,000 investment today and $2,200 cash inflow the following year?
A) $1,000
B) $1,020
C) $2,000
D) $2,020
Correct Answer:
Verified
Correct Answer:
Verified
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