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28) Net Present Value Calculation with Taxes. An investment costing $200,000 today will result in cash savings of $85,000 per year for 3 years. The
28) Net Present Value Calculation with Taxes. An investment costing $200,000 today will result in cash savings of $85,000 per year for 3 years. The company has a tax rate of 40 percent, and requires an 11 percent rate of return. Find the net present value of this investment using the format shown in Figure 8.7 "NPV Calculation with Income Taxes for Scientific Products, Inc.". Round to the nearest dollar.
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