A capacity alternative has an initial cost of $50,000 and cash flow of $20,000 for each of the next four years.

A capacity alternative has an initial cost of $50,000 and cash flow of $20,000 for each of the next four years. If the cost of capital is 5%, what is the approximate net present value of this investment?

Particulars Time Amount PVIF@ 5% PV $50,000.00 1 $50,000.00$50,000.00 1 $20,000.00 0.952 $19,047.62 2 $20,000.003 $20,000.004 $20,000.00 0.9070.8640.823 $18,140.59$17,276.75$16,454.05...