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Can someone help me with this please and thank you! The Seago Company is planning to purchase $450,000 of equipment with an estimated 7-year life
Can someone help me with this please and thank you!
The Seago Company is planning to purchase $450,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Year Projected Cash Flows $201,000 135,000 123,000 54,300 67,800 43,100 47,600 $671,800 Total Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Seago uses a 10% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Net present valueStep by Step Solution
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