When will this project break-even on a discounted cash


Acme is planning construction of a new loading ramp for its single iron mill. The initial cost of the investment is $1 million. Efficiencies from the new ramp are expected to reduce costs by $100,000 for the life of the plant which is currently estimated at another 30 years. WACC = 6.94%

When will this project break-even on a discounted cash basis?

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Financial Management: When will this project break-even on a discounted cash
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