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13 View Policies Current Attempt in Progress Blue Spruce Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and
13 View Policies Current Attempt in Progress Blue Spruce Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(900). Annual cost savings were: $20000 for year 1:$14000 for year 2: and $10000 for year 3. The amount of the initial investment was Year 1 Present Value PV of an Annuity of 1 at 12% of 1 au 12% 0.893 0.893 0.797 1.690 0.712 2.402 2 3 $34528 O $35238 $32728 O $37038
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