Question: i need help to get equation what to put in...
I need help to get equation what to put in excel to get the same answer below the question.
Q : I am looking at a cost saving program that I believe will save the school $25,000/yr for the next 10-years. What is the most I can spend to justify this project if the cost of capital is 15%?
A : = PV(0.15,10,-25000) $125,469.22