Условие:
Your division is considering two investment projects, each of which requires an up-front expenditure of $15 million. You estimate that the investments will produce the following net cash flows:\nYEAR \tPROJECT A \tPROJECT B
1 $ 5,000,000 $20,000,000
2 10,000,000 10,000,000
3 20,000,000 6,000,000\nWhat are the two projects’ net present values, assuming the cost of capital is 10 percent? 5 percent? 15 percent?

