The Economic Value of Main Report

Table 4.4: Projected benefits and costs, taxpayer perspective

1

2

3

4

Benefits to taxpayers (millions)

State and local gov’t costs (millions)

Years out of school

Net cash flow (millions)

13

$5.9

$0.0

$5.9

14

$6.1

$0.0

$6.1

15

$6.2

$0.0

$6.2

16

$6.3

$0.0

$6.3

17

$6.3

$0.0

$6.3

18

$6.4

$0.0

$6.4

19

$6.4

$0.0

$6.4

20

$6.5

$0.0

$6.5

21

$6.5

$0.0

$6.5

22

$6.5

$0.0

$6.5

23

$6.4

$0.0

$6.4

24

$6.4

$0.0

$6.4

25

$6.4

$0.0

$6.4

26

$6.3

$0.0

$6.3

27

$6.2

$0.0

$6.2

28

$6.2

$0.0

$6.2

29

$6.1

$0.0

$6.1

30

$6.0

$0.0

$6.0

31

$5.9

$0.0

$5.9

32

$5.7

$0.0

$5.7

33

$5.6

$0.0

$5.6

34

$5.5

$0.0

$5.5

35

$5.3

$0.0

$5.3

36

$5.2

$0.0

$5.2

37

$5.0

$0.0

$5.0

38

$4.9

$0.0

$4.9

39

$4.7

$0.0

$4.7

40

$4.6

$0.0

$4.6

41

$4.4

$0.0

$4.4

Present value

$197.2

$71.0

$126.2

Internal rate of return

7.3%

Benefit-cost ratio

2.8

Payback period (no. of years)

13.9

Source: Lightcast impact model

The economic value of Monroe Community College

59