In: Finance
Hi all, Can someone please answer this question. Please list steps! Thanks!
You have the chance to participate in a project that produces the following cash flows: Cash Flows ($) C0 C1 C2 3,900 5,100 –10,900
a. The internal rate of return is 14.13%. If the opportunity cost of capital is 14%, what is the NPV of the project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
NPV $ b. Would you accept the offer? Yes No