Grand FIN650 Module 3 Exam/Grand FIN650 Module 3 Exam

  
Question
1. Cyberhost Corporation’s sales were $225 million last year. If sales grow at 6% per year, how large (in millions) will they be 5 years later?
A. $271.74
B. $286.05
C. $301.10
D. $316.16
E. $331.96
N 5
I/YR 6.0%
PV $225.00
PMT $0.00
FV $301.00
2. Assume a project has normal cash flows. All else equal, which of the following statements is CORRECT?

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