Chapter 11, p. 489 11-6 – Cash Flow Estimation and Risk Analysis (Brigham and Ehrhardt – Financial Management 15th edition)
I put the following through the cash flow and got an NPV of -1,116,803,210, when the answer is 77,663.56
Cfo = -1,118,000,000
C01 = 375,612.140
C02 = 418,521.440
C03 = 741,491.330 (304,148.08 + 437.343.25)
<NPV>
I=12 <down arrow>
<CPT><NPV>-1,116,803,210.
Please explain what I am doing wrong. Thanks in advance.
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