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None Q : The cost of erection an oil well is Rs. 15,000,000. The annual equivalent yield from the oil well is Rs. 2,000,000. The

None
Q : The cost of erection an oil well is Rs. 15,000,000. The annual equivalent yield from the oil well is Rs. 2,000,000. The salvage value after its useful life of 10 years is Rs. 300,000 . Assuming an interest rate of 10 % , compounded annually, find out whether the erection of the oil well is financially feasible based on the present worth method

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