Question
The following data pertain to an investment that is being considered by the management of Hanson Company: Discount rate 10% Life of the project 4
The following data pertain to an investment that is being considered by the management of Hanson Company:
| Discount rate | 10% |
| Life of the project | 4 years |
| Cost of the investment | $45,965 |
| Annual cost savings | 14,500 |
| Salvage value | 2,900 |
The net present value of the proposed investment is (Round your intermediate calculations to 3-decimals and your present value calculations to the nearest dollar amount.):
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
