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Beyer Company is considering the purchase of an asset for $220,000. It is expected to produce the following net cash flows. The cash flows occur

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Beyer Company is considering the purchase of an asset for $220,000. It is expected to produce the following net cash flows. The cash flows occur evenly within each year. Assume that Beyer requires a 9% return on its investments. (PV of $1. FV of $1. PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Year 1 Year 2 Year 3 Year 4 Year 5 Total Net cash $69,000 $42,000 $77,000 $149,000 $57,000 $394,000 flows a. Compute the net present value of this investment. (Round your answers to the nearest whole dollar) Present Value of Not Cash Flows Present Year Net Cash Value of Flows 1 at 9% 1 2 3 4 5 Totals Amount invested Net present value b. Should Beyer accept the investment? Yes No

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