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Luxury Hotel is planning to build a new condotel in Siargao. The project requires an investment of Php100M and is expected to generate Php15M for

Luxury Hotel is planning to build a new condotel in Siargao. The project requires an investment of Php100M and is expected to generate Php15M for 10 years. The target rate of return is 8% per annum. Calculate the net present value of the project.

Group of answer choices

Php6.52M

Php6.51M

Php6.50M

Php6.53M

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