A magazine publisher wants to launch a new magazine geared


A magazine publisher wants to launch a new magazine geared to college students. The project's initial investment is $560. The project's cash flows that come in at the end of each year are $170 for 14 consecutive years beginning one year from today. What is the project's NPV if the required rate of return is 8.25%?

Place your answer in dollars and cents without the use of a dollar sign or comma. If applicable, a negative answer should have a "minus" sign in front of the number. Work your analysis out to at least 4 decimal places of accuracy.

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Financial Management: A magazine publisher wants to launch a new magazine geared
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