You run a construction firm. You have just won a contract to build a government office building. Building it requires an investment of $10.4 million today, and $5.0 million in one year. The government will pay you $24.0 million in one year upon the building's completion. Suppose the cash flows and their times of payment are certain, and the risk-free interest rate is 9%. The NPV of this opportunity is $Answer million.

The NPV of the opportunity is $7.02 million.

Explanation:

In order to find the NPV of this opportunity we will have to discount all the cash flows both positive and negative and find their present value.

The first cash flow is of $10.4 million and is a negative cash flow and we dont need to discount it as it is being paid today.

The second cash flows is one year from now and is a negative cash flow of $5 million. We will discount is using the interest rate which is 9%.

5/1.09=4.58 million.

The third cash flow is also one year from now and is a positive cash flow and we will discount is using the interest rate of 9%.

24/1.09=22 million

In order to find the NPV we will add all these discounted cash flows.

22 million - 10.4 million -4.58 million= 7.02 million

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation:

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph​ topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.