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Andy's Fishing Charters is considering the purchase of a new boat costing $65,000. The boat is expected to increase profits by $12,000 per year for
Andy's Fishing Charters is considering the purchase of a new boat costing $65,000. The boat is expected to increase profits by $12,000 per year for each of the next 8 years. After 4 years, the boat will require maintenance of $6,000. After the 8 years, the boat will be sold for $36,000. Calculate the NPV of the boat using a cost of capital of 12%. Round your answer to the nearest dollar
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