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Cromwell Industries is considering a new project which will have costs,revenues,etc.as shown by the data above.If the cost of capital is 8.5%,what is the net present value (NPV) of this project?
Land
In economics, it refers to all natural resources used to produce goods and services, one of the factors of production.
Profits
The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.
Joseph Schumpeter
An economist known for his theory on business cycles and for coining the term "creative destruction" to describe the process of innovation in economics.
Innovations
The process of translating an idea or invention into a good or service that creates value or for which customers will pay.
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