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Cullumber, Inc. is considering the purchase of a warehouse directly across the street from its manufacturing plant. Cullumber currently warehouses its inventory in a public

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Cullumber, Inc. is considering the purchase of a warehouse directly across the street from its manufacturing plant. Cullumber currently warehouses its inventory in a public warehouse across town. Rent on the warehouse and delivering and picking up inventory cost Cullumber $61440 per year. The building will cost Cullumber $576000. Cullumber will depreciate the building for 20 years. At the end of 20 years, the building will have a $160000 salvage value. Cullumber's required rate of return is 10%. Click here to view the factor table. Using the present value tables, the building's net present value is (round to the nearest dollar) $1228800. $-8516. O $546852. $-29148

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