What is the net present value of its fuel costs

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The annual fuel costs to operate a solid-waste treatment plant are $2.2 million in today's (constant) dollars. The annual market interest rate is 11.4%, and the general inflation rate is 4.9%. If the plant will operate for 5 years, what is the net present value of its fuel costs. Express your answer as a positive number in MILLIONS of dollars. For example, if your anwer is $12.3 million, enter 12.3 in the answer box.

Reference no: EM131555427

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