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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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