Exercise: Rockwell Collins is introducing a new product. This project will list 5 years and have an immediate (t=0) cash outflow of $500,000 (which includes system, and training costs). For years 1-5, outflows are expected to be $100,000 per year. Cash inflows are expected to be $250,000 per year for years 1-5. The required rate of return is 10%. The present value (PV) can be calculated for each year.

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