Briggs Excavation Company is planning an investment of $128,900 for a bulldozer. The bulldozer is expected to operate for 2,000 hours per year for six years. Customers will be charged $105 per hour for bulldozer work. The bulldozer operator costs $33 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $43 per hour of bulldozer operation.

CEM ething Apla Student Cour Du pter 25. Homework Book Calculator Print item Net Present Value Method Annuity Briggs Excavation Company is planning an investment of $128.900 for a biderer. The bulldozers expected to operate for 2,000 hours per year for six years. Customers will be charged $105 per hour for bulldozer work. The costs $33 per hour in wages and benefits. The bulldozer is expected to require annual maintenance costing $20,000. The bulldozer uses fuel that is expected to cost $0 per hour of bulldorer operation Present Value of an Annuity of $1 at Compound Interest Year 6 104129 15% 20% 1 0 .943 0.870 0.833 0.909 1.736 2 1.833 1.528 0.893 1.090 2.402 3.037 3 2.106 2.589 2.673 3.465 4.212 4.917 5.582 1.626 2.283 2.855 3.353 3.785 4.160 3.605 2.487 3.170 3.791 4.355 4.868 5.335 5.759 6.145 2.991 3:326 7 3.605 6.210 4.564 4.968 5.328 5.650 6.802 7.350 4.772 5.019 4.031 4.192 a. Determine the equal an n et cash flows from operating the bulldorer. Use a minus on to indicate cash outflows. Ceny Work Check e r Previou sonment Score: 35" All work saved Submit ang Type here to search lenovo 25 - Homework eBook Calculator Print Item Briggs Excavation Company Equal Annual Net Cash Flows Cash inhows Cash outflows: n e o u t of stable above. Round to the neare b. Determine the net present value of the investment, assuming that the desired rate of retumis 20. use the o present value Present value of annual net cash flows Amount to be invested Net present value 6. Should not cavationes the buldozer bare Decause the bulldoze cost Assignment Score: 35 All work saved Type here to search