Essay
A commitment on the project requires an initial outlay of $10 000.00 and a further outlay of $5000.00 after one year. Net returns are $5 000.00 per year for five years. What is the net present value of the project at 16%?
Correct Answer:

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PVOUT = 10 000 + 5 000
= $14 310...View Answer
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Correct Answer:
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