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Consider the follow cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate (i.e., the cost of capital) for each project is
Consider the follow cash flows of two mutually exclusive projects for AZ-Motorcars. Assume the discount rate (i.e., the cost of capital) for each project is 10 percent. (The quantities are the cash flows of each project at the given dates, in millions of dollars.) Year, AZM Mini SUV, AZM Full SUV 0, -675, -930 1, 403, 430 2, 274, 467 3, 218, 319 What is the NPV of AZM Full-SUV project? (Express your answer in millions of dollars, with no dollar sign and no commas: i.e., if your answer is 230.5 million, type in 230.5.)
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