You receive 10000 that obligates you to provide an event, Financial Management

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You receive 10000 that obligates you to provide an event

You receive $10,000 that obligates you to provide an event that will cost $11,000. Assuming the event is held one year from today, what annual discount rate will make the project have a net present value greater than zero? 8, 9, 10, or 11%? The answer is 11% but I'm not sure how to get that answer.

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Financial Management: You receive 10000 that obligates you to provide an event

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