Luxury Hotel is planning to build a new condotel in Siargao. The project requires an investment of Php100M and is expect

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answerhappygod
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Luxury Hotel is planning to build a new condotel in Siargao. The project requires an investment of Php100M and is expect

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Luxury Hotel is planning to build a new condotel in Siargao. Theproject requires an investment of Php100M and is expected togenerate Php15M for 10 years. The target rate of returnis 8% per annum. Calculate the net present value of theproject.
Group of answer choices
Php6.52M
Php6.51M
Php6.50M
Php6.53M
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