You are considering investing into a pool at either Pi Kappa Alpha or Alpha Chi Omega. Pi Kappa Alpha's pool plans are less labor-intensive and would cost $34 million today and provide expected cash flows of $2.2 million per year for 20 years starting one year from today. Plans for Alpha Chi Omega's pool include a large-scale project with up-front costs of $50 million that would result in expected cash flows of $3.6 million per year for 20 years starting one year from today. Both projects have discount rates of 10%. 

What is the NPV for Pi Kappa Alpha's pool project? Round your answer to the nearest cent and write it in dollars.

Answer rating: 100% (QA)

To calculate the Net Present Value NPV for Pi Kappa Alphas pool project you would use the formula NP... View the full answer