Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Company Xunt purchased a trecutrendy met will not have residual value at the end of the year life The company is trying to decide if
Company Xunt purchased a trecutrendy met will not have residual value at the end of the year life The company is trying to decide if they wou plan to the truck in years. if they refurbith the trucat cost of $60.000 hand of the truck could be used for two more years and would have a $30,000 the end of year 7. Also, the company expects avational cash of 570.000 0.00 to using the thick. What is the additional provided from the refurbishment of the truck Company X's discount rate is 10% Present Value of $1 Periods 10 12 1 0.00 0.693 0.023 2 0.026 0,797 0.700 3 0.750 6712 0675 4 0.003 0636 0.59 5 0.031 0.567 0.519 6 0.564 0.50 0.455 0.513 452 0.400 0.467 0.404 0.424 0.361 0.300 Present Value of Annuity of 51 Periods 10% 1 0.000 0.893 0.877 2 1.736 1.690 2.482 2.402 4 3.170 3.037 2.914 S 3.791 3.605 140 4111 19 7 4.068 4.564 4.28 0 5.335 4.968 4.610 9 5.759 5.328 4.946 Company Xunt purchased a trecutrendy met will not have residual value at the end of the year life The company is trying to decide if they wou plan to the truck in years. if they refurbith the trucat cost of $60.000 hand of the truck could be used for two more years and would have a $30,000 the end of year 7. Also, the company expects avational cash of 570.000 0.00 to using the thick. What is the additional provided from the refurbishment of the truck Company X's discount rate is 10% Present Value of $1 Periods 10 12 1 0.00 0.693 0.023 2 0.026 0,797 0.700 3 0.750 6712 0675 4 0.003 0636 0.59 5 0.031 0.567 0.519 6 0.564 0.50 0.455 0.513 452 0.400 0.467 0.404 0.424 0.361 0.300 Present Value of Annuity of 51 Periods 10% 1 0.000 0.893 0.877 2 1.736 1.690 2.482 2.402 4 3.170 3.037 2.914 S 3.791 3.605 140 4111 19 7 4.068 4.564 4.28 0 5.335 4.968 4.610 9 5.759 5.328 4.946
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started