Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CALCULATOR Question Platoon Company is performing a post-audit of a project that was estimated to cost $430,000, have a useful life of 6 years with

image text in transcribed
CALCULATOR Question Platoon Company is performing a post-audit of a project that was estimated to cost $430,000, have a useful life of 6 years with a salvage value, and result in net cash inflows of $100,000 per year. After the investment was in operation for a year, revised figures indicate that actually cost $470.000, will have yearuselle, and will produce net cash flows of $77,000. The present value of nuty of 1 for 6 years at 10% is 4.355 and for 9 years is 5.759 NEXT Calculate the net present value based on the original estimates. Net present value $ Determine whether the project should have been accepted. Calculate the net present value based on the actual amounts Net present value 5 Determine whether the project should have been accepted Click if you would like to show Work for this questions

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions