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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) $-52924 $ 1228800 $-29148 $ 523076

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