A construction project has the following data: initial disbursement $ 400,000. The required rate of...

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Finance

A construction project has the following data: initial disbursement $ 400,000. The required rate of return is 9% per year. Net cash income for the following years:

1st. year $ 87,000 =

2nd. years $ 106,500 =

3rd. years $ 192,000 =

4th. years $ 184,800 =

5th. years $ 184,800 =

Net Present Value _____________

Determine the payback present value _______

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