22. Equivalent annual cash flow (S6.4) Air conditioning for a college dormitory will cost $1.5 million to
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22. Equivalent annual cash flow (S6.4) Air conditioning for a college dormitory will cost $1.5 million to install and $200,000 per year to operate at current prices. The system should last 25 years. The real cost of capital is 5%, and the college pays no taxes. What is the equivalent annual cost?
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Related Book For 
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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