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Thunderbird Medical centre is studying a project that would have an eight-year life and require a $1,600,000 invest in equipment. At the end of eight

Thunderbird Medical centre is studying a project that would have an eight-year life and require a $1,600,000 invest in equipment. At the end of eight years, the project would terminate and the equipment would have no salvage value. The project would provide net cash-in each year $650,000 The interest rate is 22%. Required: Please compute the present value of net annual cash inflow from the project and indicate if it is acceptable Please solve this

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