city government is considering investing in street reconstruction that will require outlays as follows: Compute the net
Question:
city government is considering investing in street reconstruction that will require outlays as follows:
Compute the net present value of these cash outlays if the appropriate discount rate is 10 percent.
Transcribed Image Text:
Year 0 ... 2 Item Amount Engineering studies $ 50,000 Project initiation 200,000 Project construction 900,000
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