Question
A project has a first cost of $10,000, net annual benefits of $2,000, and a salvage value of $3,000 at the end of its 10-year
A project has a first cost of $10,000, net annual benefits of $2,000, and a salvage value of $3,000 at the end of its 10-year useful life. The project will be replaced identically at the end of 10 years, and again at the end of 20 years. What is the present worth of the entire 30 years of service, given an interest rate of 10%?
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Real Estate Development Principles And Process
Authors: Mike E. Miles, Laurence M. Netherton, Adrienne Schmitz
5th Edition
0874203430, 978-0874203431
