For a project that requires an initial investment of $26,000 and yields $10,000 per year for 4

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For a project that requires an initial investment of $26,000 and yields $10,000 per year for 4 years, the PI at an interest rate of 10% per year is closest to:

(a) 1.03

(b) 1.22

(d) 1.56

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:09 AM

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For a project that requires an initial investment of $26,000 and yields $10,000 per year for 4

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Profitability Index PI Present value of future cash flow Initial investment in the project ...View the full answer

Engineering economy

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