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38 The management of Kiefert Corporation is investigating an investment in equipment that would have a useful life of 9 years. The company uses a
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The management of Kiefert Corporation is investigating an investment in equipment that would have a useful life of 9 years. The company uses a discount rate of 18% in its capital budgeting. The net present value of the investment, excluding the annual cash inflow, is -$290,453. To the nearest whole dollar how large would the annual cash inflow have to be to make the investment in the equipment financially attractive? $32,273 $67,500 $52,282 $290,453Step by Step Solution
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