... Y't Constant $ A-Tax CF Yt 0 1 2 3 4 5 5 -$55,000 +15, 000 +15, 000 +15, 000 +15, 000 +15, 000 +5,000 +$55,000 +15, 750 16,540 17,365 18,233 19,145 $10,00010,00010,00010,00010,000$5,7506,5407,3658,2339,145 ... present. A positive NPV for a project indicates the present value of the net gain corresponding to the project cash flows. 2. Equivalent Uniform Annual Net Value. The equivalent uniform annual net ... Different Forms of Ownership 178 t for a investment project x where x = 1, 2, refer to projects No. 1, No. 2, etc., respectively. Let Ct,x be the annual cost at the end of year t for the same...