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the Tiger Electric Cooperative estimates that the present worth now of income from investment in renewable energy source is $12,475,000. There will be no income
the Tiger Electric Cooperative estimates that the present worth now of income from investment in renewable energy source is $12,475,000. There will be no income for the first three years but in year 4 income will be $250,000, and thereafter it will increase according to an arithmetic gradient through year 16. What is the required gradient is the interest rate is 8% per year. Choose the closest valuhre.
A. 340,000
B. 300,000
C. 316,000
D. 322,000
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