TRL,Inchas Spent $2,000,000 in Nonrefundable Engineering Fees in Contemplation of Building

question 79

True/False

TRL,Inc.has spent $2,000,000 in nonrefundable engineering fees in contemplation of building a convention center and the additional costs to complete the project are $18,000,000.The present value of all benefits the center will produce in its lifetime are $19,000,000,so TRL should not build the convention center.