Question: I need the steps for calculating the following problem on a financial calculator (BA II Plus), please. I already have the answers and formulas, just
I need the steps for calculating the following problem on a financial calculator (BA II Plus), please. I already have the answers and formulas, just looking specifically how to type on financial calculator. Thank you
Halcyon Lines is considering the purchase of a new bulk carrier for $8 million. The forecasted revenues are $5 million a year and operating costs are $4 million. A major refit costing $2 million will be required after both the fifth and tenth years. After 15 years, the ship is expected to be sold for scrap at $1.5 million. If the discount rate is 8%, what is the NPV?
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