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3. A company is going to develop a new distribution center, and Engr Ahmad has been asked to evaluate the profitability of the project with
3. A company is going to develop a new distribution center, and Engr Ahmad has been asked to evaluate the profitability of the project with the following details o The proposal is for a distribution center costing $1,500,000. The facility has an expected useful life of 35 years and a net salvage value (net proceeds from its sale after tax adjustments) of $255,000. Annual savings (due to better strategic location) of $227,000 are expected, annual maintenance and administrative costs will be 114,000 , and annual income taxes will be $43,000. If the firm's MARR is 12%, Determine the present net worth of the investment
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