Question
a company invested $10,000 on a machine for their supply line, the machine had a one time rebate on year 1 of $750. the machine
a company invested $10,000 on a machine for their supply line, the machine had a one time rebate on year 1 of $750. the machine earned the company $2,000.00 each year from years 1-10. but the annual maintenance of the machine costs is $400.00 starting from year 2 until year 10. on year 8 the machine broke down and required a repair that cost the company $2,500. on year 10 the company decided to sell the machine for $1,500.00.
Draw the cash flow diagram and find the future value at year 12. To gain full credit you must show every step of the process DO NOT use EXCEL or a Calculator!
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