Ridman Academy's annual cash inflow from its $40,000 tuition per student is $5,000, net of expenses, and before amortization and interest. At a cost of $2.8 million, the Academy has acquired and refurbished an older office building to accommodate classrooms for 120 additional students. What is the expansion worth to the academy if the school expects a 9% return over the next 15 years?

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The Answer of Ridman Academy's annual cash inflow from its $40,000 tuition per student is $5,000, net of expenses, and before amortization and interest. At a cost of $2.8 million, the Academy has acquired and refurbished an older office building to accommodate classrooms for 120 additional students. What is the expansion worth to the academy if the school expects a 9% return over the next 15 years?

Ridman Academy's Annual Cash Inflow from Its $40,000 Tuition Per