Answer:
the profit expected in the year 2020 is $115,27,152.12
Explanation:
The computation of the profit in the project for the year 2020 is shown below:
Given that
Earnings = $12,000,000
Loss percentage = 1%
Time period = 5 years
Based on the above information
= $12,000,000 × (1 - 0.01)^ 5 - 1
= $12,000,000 × 0.99^4
= $115,27,152.12
Hence, the profit expected in the year 2020 is $115,27,152.12
The same is to be considered
