Quick fix company is considering buying a crypto currency, Ask an Expert

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Quick Fix Company is considering buying a Crypto Currency Machine to print crypto currency with the following projected investment and cash flow amounts. Machine has no salvage value.

Year Cash Flow Amounts

0 ($11,800) = Initial Investment

Year Cash Flow Amounts 0 ($11,800) = Initial Investment

1 $5,900

2 $6,900

3 $6,900

4 $5,900

5 ($14,800)

Compute the NPV for the Crypto Currency Project if the appropriate cost of capital is 6%. [Excel Formula = NPV] [Hint: NPV of Cash Flows – Initial Investment = Net Present Value]

A. $11,114.62 B. ($ 685.68) C. $ 685.68 D. ($ 11,800.00)

(Excel Formula)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92767222

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