Compute the annual worth of the project cash flows

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Question - The cost of construction (first cost) is $9,000,000. The annual operating cost is projected to be $700,000. The facility will be liquidated in 24 years, resulting in a salvage value inflow of $2,000,000. Assuming MARR of 4%, compute the annual worth of the project's cash flows, and type in your answer expressed as a cost (do not include negative sign with your answer).

Reference no: EM133061373

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