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please solve the question by using the annual method, show work please 3. Compute the net present value of the following three projects, analyzed over

please solve the question by using the annual method, show work please

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3. Compute the net present value of the following three projects, analyzed over a 40-year period, with a 12 percent minimum attractive rate of return. Initial Investment X $ million) 10 Salvage Value (X S million) Service Life (years) 10 20 40 Annual Decrease in Travel Costs (X $ million) Project 0.5 1.5 3.6 0.8 0.75 0.9 42

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