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Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineerings MARR is 18
Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineerings MARR is 18 %/year.
| EOY | Cash Flow |
|---|---|
| 0 | -$12,000,000 |
| 1 | -$1,000,000 |
| 2 | $5,000,000 |
| 3 | $2,000,000 |
| 4 | $5,000,000 |
| 5 | $5,000,000 |
| 6 | $2,000,000 |
| 7 | $5,000,000 |
What is the annual worth of this investment? $ enter a dollar amount
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