A company has determined that a certain project will produce revenue of $14 million 1 year from now. The costs are projected to equal $5 million each 2, 3 and 4 years from now. Given a cost of capital of 10%, the Net Present Value of the project equals:

$1.42 million

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 1 = $14 million

Cash flow in year 2,3,4 = $-5 million

I = 10%

NPV = $1.42 million

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

Bacterial growth in human body is different from bacterial growth on the agar in a petri dish.

Explanation:

We know that in the human body there is the immune system which will interrupt the bacterial growth as they will be recognized as a foreign body and will be destroyed by employing immunological pathways.

Whereas on the agar medium balanced nutrient, pH, salts, amino acids and optimum temperature is provided for the bacterial growth. The desired conditions would be favorable for the  growth of bacteria.