Question: A convenience store considers installing a charging station for electric cars. If taken, the installation would cost $20,000 today but bring the benefits of $26,000

A convenience store considers installing a charging station for electric cars. If taken, the installation would cost $20,000 today but bring the benefits of $26,000 in one year. Besides, a bank offers a saving account with a 6% interest per year. a) What is the present value (as of today) of the benefits? b) What is the net value of this opportunity (benefits - costs)? Present the net value in terms of value today. c) Should the store take this opportunity

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