FIN-650 Module 1 DQ 2 – Problem 4-22 - Washington-Pacific invested $4 million to buy a…….
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FIN-650 Module 1 DQ 2 – Problem 4-22
Managerial Finance – Overview of Financial Management and Time Value of Money
Grand Canyon University
This discussion thread will be used to discuss the practice problems completed in this module. After completing the problems, submit your answers to the instructor. Your instructor will specify which problems will be reviewed for discussion. Post your answers to the posted problem to this discussion thread and discuss any challenges you had with completing the problems, tips that helped you arrive at the correct answers, and/or questions you may still have.
Washington-Pacific invested $4 million to buy a tract of land and plant some young pine trees. The trees can be harvested in 10 years, at which time W-P plans to sell the forest at an expected price of $8 million. What is W-P’s expected rate of return?