The real cost of capital is 5 and the college pays no taxes


Air conditioning for a college dormitory will cost million install $2.5 to and $150,000 per year to operate. The system should last 15 years. The real cost of capital is 5%, and the college pays no taxes. What is the equivalent annual cost? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Equivalent annual cost $ _____

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The real cost of capital is 5 and the college pays no taxes
Reference No:- TGS02302102

Expected delivery within 24 Hours