Why to not calculate final pw calculation

Reference no: EM13212113

Lane college in Jackson, Tennessee is considering the conversion of an abandoned church pew manufacturing plant adjacent to the school's campus into a 34,000 square foot building to house the campus bookstore, a conference center, a small business incubator, and a community computer lab. The project requires $30 million for renovation costs, expenses of $190 per square foot over a 10 year period. The college uses a MARR of 7 percent per year in its economic evaluations of the new project. The market value of the building will be $2 million at the end of 10 years. Write the correct Present Worth Equation to determine if this building should be renovated. Do not calculate final PW calculation.

Reference no: EM13212113

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