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Beyer Company is considering the purchase of an asset for $180,000. It is expected to produce the following net cash flows. The cash flows occur
Beyer Company is considering the purchase of an asset for $180,000. 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, andFVA of $1)(Use appropriate factor(s) from the tables provided.)
Net Cash Flows
Year 1 - $78,000
Year 2 - $58,000
Year 3 - $75,000
Year 4 - $168,000
Year 5 - $54,000
Total - $433,000
a.Compute the net present value of this investment.(Round your answers to the nearest whole dollar.)
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