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A project has a first cost P, annual savings A and a salvage value of $500 at the end of its 10-year service life. It
- A project has a first cost P, annual savings A and a salvage value of $500 at the end of its 10-year service life. It is also known that the IRR for this project is 12 %, and the payback period is 8 years. What is the project's first cost? (Don't use the $ sign and coma in your answer!)
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Survey Of Economics, Principles, Applications, And Tools
Authors: Arthur O'Sullivan, Steven M. Sheffrin, Stephen J. Perez
5th Edition
0132556073, 978-0132556071
