A major electronics manufacturer expects to generate, Ask an Expert

Economics

A major electronics manufacturer expects to generate additional revenue from its recently won government contract. The company forecasts that the revenue will be $190 million in the first year, but will decline by $2 million every year for the next 3 years. What is the present worth of total revenue at an interest rate of 18% per year?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91295267

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