Empire Industries is considering adding a new product to its lineup. This product is expected to generate sales for four years after which time the product will be discontinued. What is the project's net present value if the firm wants to earn a 13 percent rate of return?
Year. Cash Flow
0 - - - - 62,000
1 - - - 16.500
2 - - - 23,800
3 - - - 27,100
4 - - - 23,300
a. $3,505.52
b. $3,767.24
c. $4,312.65
d. $4,519.58
e. $4,902.71
+4
Answers (2)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Empire Industries is considering adding a new product to its lineup. This product is expected to generate sales for four years after which ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Empire Industries is considering adding a new product to its lineup. This product is expected to generate sales for four years after which time the product will be discontinued.