Question

The ABC Resort is redoing its golf course at a cost of $807,000. It expects to...

The ABC Resort is redoing its golf course at a cost of $807,000. It expects to generate cash flows of $509,000, $675,000 and $164,000 over the next three years. If the appropriate discount rate for the company is 15.6 percent, what is the NPV of this project (to the nearest dollar)?

Select one:
a. $244586
b. $1858586
c. $102677
d. $323384

Homework Answers

Answer #1
Ans. Option   a   $244,586
*Calculation of Present value factor @15.6 %.
Year PV @ 15.6%
1 1 / (1 + 0.156)^1 0.8651
2 1 / (1 + 0.156)^2 0.7483
3 1 / (1 + 0.156)^3 0.6473
*Calculations for present value of cash inflows :
Year Cash inflow    * P V Factor Present Value
1 $509,000 0.8651 $440,311
2 $675,000 0.7483 $505,112
3 $164,000 0.6473 $106,162
Total Present Value Of Cash Inflow $1,051,586
*Calculations for Net present value :
Present value of cash inflows $1,051,586
Less: Investment -$807,000
Net present value $244,586
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