8.)

You are considering buying a new C-Arm X-Ray System that will require an initial outlay of $120,000. The system has an expected useful life of 5 years and will generate free cash flows to the hospital as a whole of $35,000 at the end of each year over its 5 year life. In addition, the salvage value of the system is expected to be $13,200 based on current market conditions. Given a required rate of return of 15 percent, determine the following: Payback Period; format is x.xx years NPV; format is $x,xxx.xx or ($x,xxx.xx) IRR; format is xx.xx% Should this project be accepted? Format is Yes or No