Unformatted text preview: the next four years. Once constructed, the dam would take a year to fill and would begin producing benefits at the end of the fifth year. The benefits would be $3 million per year and would go on forever. What is the present value of the dam if the interest rate is 5%?...
View Full Document
This note was uploaded on 04/03/2012 for the course ECN 437 taught by Professor Peterwilcoxen during the Spring '12 term at Syracuse.
- Spring '12