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A machine costs $37,000; it is expected to generate annual cash revenues of $13,000 and annual cash expenses of $4,000 for 5 years. The required
A machine costs $37,000; it is expected to generate annual cash revenues of $13,000 and annual cash expenses of $4,000 for 5 years. The required rate of return is 14%. The net present value of this machine would be closest to (Round PV factors to 3 decimal places.):
$44,629.
$(7,629).
$0.
$(6,103).
$30,897.
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