Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineering’s MARR is 18 %/year. What is the present worth of this investment (in millions)? $enter a dollar amount Carry all interim calculations to 2 decimal places and round your answer to the nearest million. The tolerance is ±0.05. EOY 0 1 2 3 4 5 6 7 Cash Flows (M$) $12 $1 $5 $2 $5 $5 $2 $5

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineering’s MARR is 18 %/year.
What is the present worth of this investment (in millions)? $enter a dollar amount

Carry all interim calculations to 2 decimal places and round your answer to the nearest million. The tolerance is ±0.05.

EOY
0
1
2
3
4
5
6
7
Cash Flows (M$)

$12

$1 $5 $2 $5 $5 $2 $5

 

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