Order the answer to: A 473-foot, 7000-ton World War II troop carrier (once commission

Custom Essays business-economics Order the answer to: A 473-foot, 7000-ton World War II troop carrier (once commission

business-economics

Order the answer to: A 473-foot, 7000-ton World War II troop carrier (once commission

Question A 473-foot, 7000-ton World War II troop carrier (once commissioned as the USS Excambion) was sunk in the Gulf of Mexico to serve as an underwater habitat and diving destination. The project took 10 years of planning and cost $4 million. Assume the $4 million was expended equally in years 1 through 10. What rate of return does the venture represent, if increased fishing and recreation activities are valued at $270,000 per year beginning in year 11 and they continue in perpetuity? (If assigned by your instructor, show both hand and spreadsheet solutions.)
Subject business-economics
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