(Net present value table required) Windy Industries, in Chicago, plans to take advantage of the winds blowing in from Lake Michigan. Windy is developing a project to install a wind turbine that would generate electricity and reduce energy costs. The turbine would have an initial cost of $550,000 and would provide a net cost savings of $62,000 per year. The turbine will have a life of 25 years. If Windy assigns a discount rate of 10% to this project, what is the net present value (NPV) of the wind turbine?
Present Value of $1
Present Value of Annuity of $1
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