Question: ABS Ltd starts a new project that has a initial investment of $900,000, The estimated life of the project is 5 years. Market expected rate
ABS Ltd starts a new project that has a initial investment of $900,000, The estimated life of the project is 5 years. Market expected rate of return is 8%
| Year | Annual Profits |
| 1 | $100,000 |
| 2 | $200,000 |
| 3 | $360,000 |
| 4 | $480,000 |
| 5 | $510,000 |
Calculate the Net Present Value. (Show your calculations and Formulas used)
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