#ENG-6203
Awesome StudentQuestion • Engineering Economincs
An initial investment of P20,000,000 was put up for a new business that will produce an annual revenue of P12, 000,000 for 15 years and will have a salvage value of P2, 000,000 Annual expenses for its operation and maintenance will amount to P6, 000, 000If money is worth 12%, show by computation if this business is profitable or not using ROR Method
Answer
2411%