The NPV equation (Equation 6.23) is described as follows:

The NPV equation is important for evaluating project-based investments. It is also a basic equation for defining the concept of “value addition,” and has broad philosophical implications for what engineers do. Explain.

Transcribed Image Text:

NPV=-P+(m) m=1 (1+i) m = 1 to n + CR (1+i)" (6.23)