Question

28.) A project has estimated annual net cash flows of

$100,000 for 9 years. And is estimated to cost $525,000.
Assume a minimum acceptable rate of return of 7%. Using
the present value of an annuity table, determine the net
present value of the project and the present value index,
round to two decimal places.

Answer 1

7% return rate. Yeah, I am stuck on that one too.

Explanation:

Do not know how to solve that.