12-3 If the Company AD has an equipment with original cost $20,000,000, depreciation is 80% of the cost of equipment, and the book value is $4,000,000. At the end of its physical life time year, if the Company can sell the equipment for $5,000,000 in the market, what is the gain on sale? What is the m,

12-4 If the Company XYZ plans to invest on a project with initial capital outlay of $40,000, and annual cash inflow $9,000 for 10 years, whats the NPV of the project if the discount rate is 10%? Should the Company accept this project?