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Brief Exercise 26.4 (Static) Net Present Value Computations (LO26-3) Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce

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Brief Exercise 26.4 (Static) Net Present Value Computations (LO26-3) Hawkins Poultry Farms is considering the purchase of feeding equipment that costs $139,000 and will produce annual cash flows of approximately $36,000 for five years. The equipment is expected to be sold at the end of five years for $40,000. What is the net present value of the proposed investment? Hawkins requires a 15 percent return on all capital investments using the present value tables in Exhibits 26-3 and 26-4. (Round your "PV factors" to 3 decimal places.) Net present value

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