calculate net present value

Problem 13.29A a-d (Part Level Submission) Magenta Inc. is considering modernizing its production facility by Investing in new equipment and selling the old equipment. The following information has been collected on this Investment: Old Equipment New Equipment Cost $80,240 Cost $39,000 Accumulated depreciation $40,300 Estimated useful life 8 years Remaining life 8 years Salvage value in 8 years $4,800 Current salvage value $9,920 Annual cash operating costs $29,900 Salvage value in 8 years $0 Annual cash operating costs $35,100 Depreciation is $10,030 per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of $4,800. Calculate the net present value assuming a 12% rate of return. (Ignore income taxes.) (IT the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 dec final answer to 0 decimal places, e.g. 5,275.) Click here to view PV table. Net present value $ By accessing this Question Assistance, you will learn while you earn points based on the