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Assignment 11-11 The initial investment of a toll highway project is 2 billion RMB; It is estimated that the net cash income generated from the

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Assignment 11-11 The initial investment of a toll highway project is 2 billion RMB; It is estimated that the net cash income generated from the toll fee in the initial year will be 80 million RMB; It is expected that the net cash income will continue to rise in the future, assuming an annual growth rate of 5%; The charging period of the project is 30 years. The basic rate of return is 12%. 1) List the Net cash flow (NCF) of this project from year 0 to 30; 2) Make a Net present value analysis. 3) If this project is economically acceptable

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