Should phil proceed with the project

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Question: Phil has a project that will initially cost $1000 (year 0), with an ongoing maintenance cost estimated at $100 per year for 5 years. The estimated benefits are $300 per year for 5 years. Inflation is estimated at 2%. What is the net present value of this project? In your opinion, should Phil proceed with the project?

Reference no: EM132036214

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