What is the present worth of the construction costs

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Question - Construction costs for a large, coal-fired generating facility will be spread over a 3-year period. Costs for the first year are $25M, for the second $150M, and for the third $90M. The costs are evenly distributed within each year, and the interest rate is 10%. What is the present worth of the construction costs?

Reference no: EM132162482

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