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Boe Corporation is investigating buying a small used aircraft for the use of its executives. The aircraft would have a useful life of 9 years.

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Boe Corporation is investigating buying a small used aircraft for the use of its executives. The aircraft would have a useful life of 9 years. The company uses a discount rate of 10% in its capital budgeting. The net present value of the investment, excluding the salvage value of the aircraft, is $439,527. Management is having difficulty estimating the salvage value of the aircraft. Click here to view Exhibit 78-1 and to determine the appropriate discount factor(s) using the tables provided. How large would the salvage value of the aircraft have to be to make the investment in the aircraft financially attractive? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. ExHIBIT 781 Preient Value otsi: (1+1)n1 Precent Valoe of au Annaity of 51 in Arrams r1[1(1+r)1]

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