medium · Principles of Finance
A mining project will produce $500,000 in net cash flow per year for 12 years, but the first flow is delayed until the end of year 3.
At a discount rate of 15%, what is the value of the project today?
- $2,356,789.77
- $2,049,382.44
- $1,782,071.69
- $2,710,308.23
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