Question: Please, need urgent help! Question 2: Discomthig Coats and Benets [2|] points} The Arizona Cardinals [a football team] are considering a project to implement solar
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Question 2: Discomthig Coats and Benets [2|] points} The Arizona Cardinals [a football team] are considering a project to implement solar water heaters on their stadium and training Eacilities. Setting up these water heaters will cost 52D million upfront, but will qualify the firm to receive a \"green energy subsidy" of $5 million each year. In addition, it will reduce the Uardinalsl reliance on the power grid and reduce operating costs by $3 million each year. In general the lifespan of the water heaters is 5 years, and at the end of 1which they will have to be dismantled and sold for scrap for 21] percent of their initial cost. The subsidies arrive at the beginning of every year. All estimates of avoided costs are made assuming they occur at the end of each year. The nominal discount rate through the whole period is 13.35 percent and the rate of ination is ll] percent. Find the net present value of the project
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