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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
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.) Total Year 2 Year 3 Year 4 Year 5 Year 1 $73,800 $42,800 $78,800 $130,800 $51,000 $374,e00 Net cash flows a. Compute the net present value of this investment. (Round your answers to the nearest whole dollar) Present Present Value Value of1 of Net Cash Net CashV Year Flows at 9% Flows 4 5 0 Totals Amount invested Net present value
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