FINANCE
B3. (NPV) Truman State University is evaluating an investment in new air handling systems for some of its major buildings. The expected outlays and the expected savings, in millions of dollars, are given here:
Time 0 1 2 3 4 Through 10
Outlays 2.0 3.0 4.0 0 0
Savings 0 0.5 1.0 1.5 2.0
What is the net present value of this investment if the required return is 8%?
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