Appendix Β. Detailed Solution of the Example
Problem
Table B.9
Construction Timing and Total Earnings
TIMING OF CONSTRUCTION OF
DAM
6 WAS CONSTRUCTED AND MEGAN OPERATION IN YEAR
7
DAM
9 WAS CONSTRUCTED AND BEGAN OPERATION IN YEAR
«
DAM 12 WAS CONSTRUCTED AND BEGAN OPERATION IN YEAR 10
TOTAL EARNINGS
THE TOTAL PRESENT VALUE OF NETT EARNINGS = 152972507DOLLARS
THE SYSTEM WAS OPERATED FOR 50YEARS