Multiple Choice
(Net present value table required) Alexander Industries,in Chicago,plans to take advantage of the winds blowing in from Lake Michigan.Alexander is developing a project to install a wind turbine that would generate electricity and reduce energy costs.The turbine would have an initial cost of $500,000 and would provide a net cost savings of $57,000 per year.The turbine will have a life of 25 years.
If Alexander assigns a discount rate of 10% to this project,what is the net present value (NPV) of the wind turbine?
A) $17,389
B) $(494,756)
C) $517,389
D) $5,244
Correct Answer:
Verified
Correct Answer:
Verified
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