Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:4.
The present worth of cash flows associated with developing oceanfront property for
commercial uses are estimated. Determine which plan, if any, should be selected on the
basis of a B/C analysis at 8% per year.
Plan
A
B
C
Present Worth ($1,000)
Costs
1,400
2,220
4,680
Benefits
1,246
2,560
4,710
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