Multiple Choice
The net present value of a project's cash inflows is $8,216 at a 14 percent discount rate.The profitability index is 1.03 and the firm's tax rate is 34 percent.What is the initial cost of the project?
A) $6,900.00
B) $7,018.50
C) $7,428.32
D) $7,976.70
E) $8,066.67
Correct Answer:
Verified
Correct Answer:
Verified
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