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Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow...

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Accounting

Imagineering, Inc., is considering an investment in CAD-CAM compatible design software with the cash flow profile shown in the table below. Imagineerings MARR is 18 %/year.

image

What is the present worth of this investment (in millions)? $

EOY 3 4 5 6 7 Cash Flows (M$) $12 -$1 $5 $2 $5 $5 $2 $5

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