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ACC-650 TOPIC 6 Assignment Question 5 of 12 - 143 ... View Policies Current Attempt in Progress The Flint Company is planning to purchase $453,000
ACC-650 TOPIC 6 Assignment Question 5 of 12 - 143 ... View Policies Current Attempt in Progress The Flint Company is planning to purchase $453,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Year Projected Cash Flows $235,000 N 130,000 116,000 4 53,000 Un 60,800 40,000 49,500 Total $684,300 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flint uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971.) Net present value $ eTextbook and Media
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