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Tesla, Inc. has recently undertaken several CSR initiatives, including installing solar panels and providing electric vehicle charging stations. The following costs and benefits are projected

Tesla, Inc. has recently undertaken several CSR initiatives, including installing solar panels and providing electric vehicle charging stations. The following costs and benefits are projected over a five-year period:

  • Installation costs: $10,000,000
  • Annual savings from reduced energy costs: $1,500,000
  • Annual revenue from charging stations: $2,000,000
  • Discount rate: 6%

Calculate the net present value (NPV) of the CSR project for Tesla, Inc. 

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