• Jan 17, 2026 buad 660 managerial finance final exam solution \[ NPV = \sum_{t=1}^{n} \frac{C_t}{(1 + r)^t} - C_0 \] Where: \(C_t = \$12,000\) \(r = 0.10\) \(n = 6\) \(C_0 = \$50,000\) Calculating the present value of annuity: \[ PV_{annuity} = C \times \left( \frac{1 - (1 + r)^{-n}}{r} \ By Glennie Rempel
