Problem
Construction costs for a large, coal-fired generating facility will be spread over a 3-year period. Costs for the first year are $25M, for the second $150M, and for the third $90M. The costs are evenly distributed within each year, and the interest rate is 10%. What is the present worth of the construction costs?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.