M11-5 Calculating Net Present Value [LO 11-3]
Citrus Company is considering a project that has estimated
annual net cash flows of $39,405 for five years and is estimated to
cost $185,000. Citrus’s cost of capital is 10 percent.
Determine the net present value of the project. (Future Value of
$1, Present Value of $1, Future Value Annuity of $1, Present Value
Annuity of $1.) (Use appropriate factor(s) from the tables
provided. Negative amount should be indicated by a minus sign.
Round your final answer to 2 decimal places.)
Net Present Value |
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