What is the Present Value of the profits over the next 10 years?

Calculate the NPV for each project
December 25, 2020
Discuss how post purchase evaluation helps marketingmanagers in designing the market strategies ?
December 25, 2020

Your machine operator is becoming more productive, and generates additional profit each year. You expect to receive $20,000 in profit at the end of this year, but this will increase 5% a year for the next 10 years. If you have an 8% interest rate on your investments, what is the Present Value of the profits over the next 10 years?