Optimal Discount Rates for Government Projects

<table class="table-group" id="tab3"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td align="left"></td><td align="center">Inflow</td><td align="center">Outflow</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td align="left">Period 0</td><td align="center">0</td><td align="center"><span style="width: 11.1875px;"><svg height="10.325" id="M90" style="vertical-align:-0.0pt" version="1.1" viewbox="0 0 11.1875 10.325" width="11.1875" xmlns="http://www.w3.org/2000/svg">
<g transform="matrix(1.25,0,0,-1.25,0,10.325)">
<g transform="translate(72,-63.74)">
<text transform="matrix(1,0,0,-1,-71.95,63.79)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝐿</tspan>
</text>
</g>
</g>
</svg></span></td></tr><tr><td align="left">Period 1</td><td align="center"><span style="width: 123.025px;"><svg height="14.6125" id="M91" style="vertical-align:-3.25793pt" version="1.1" viewbox="0 0 123.025 14.6125" width="123.025" xmlns="http://www.w3.org/2000/svg">
<g transform="matrix(1.25,0,0,-1.25,0,14.6125)">
<g transform="translate(72,-60.31)">
<text transform="matrix(1,0,0,-1,-71.95,63.61)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝜋</tspan>
</text>
<text transform="matrix(1,0,0,-1,-64.97,60.48)">
<tspan style="font-size: 8.75px; " x="0" y="0">𝐺</tspan>
</text>
<text transform="matrix(1,0,0,-1,-57.88,63.61)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝑅</tspan>
</text>
<text transform="matrix(1,0,0,-1,-48.62,60.48)">
<tspan style="font-size: 8.75px; " x="0" y="0">𝑁</tspan>
<tspan style="font-size: 8.75px; " x="7.4479518" y="0">3</tspan>
</text>
<text transform="matrix(1,0,0,-1,-36.3,63.61)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝐿</tspan>
<tspan style="font-size: 12.50px; " x="11.62779" y="0">+</tspan>
<tspan style="font-size: 12.50px; " x="22.968012" y="0">𝜋</tspan>
</text>
<text transform="matrix(1,0,0,-1,-6.35,60.48)">
<tspan style="font-size: 8.75px; " x="0" y="0">𝐵</tspan>
</text>
<text transform="matrix(1,0,0,-1,0.59,63.61)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝑋</tspan>
</text>
<text transform="matrix(1,0,0,-1,10.47,60.48)">
<tspan style="font-size: 8.75px; " x="0" y="0">𝐵</tspan>
</text>
<text transform="matrix(1,0,0,-1,17.41,63.61)">
<tspan style="font-size: 12.50px; " x="0" y="0">𝐴</tspan>
</text>
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</g>
</svg></span></td><td align="center">0</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr></table>

International Scholarly Research Notices

tab3

Table 3

Table 3: Optimal Discount Rates for Government Projects 