Question
DuraTech Manufacturing is evaluating a process improvement project. The estimated receipts and disbursements associated with the project are shown below. MARR is 11%/year. End of
DuraTech Manufacturing is evaluating a process improvement project. The estimated receipts and disbursements associated with the project are shown below. MARR is 11%/year.
| End of Year | Receipts | Disbursements | ||
| 0 | $0 | $4,700 | ||
| 1 | $0 | $190 | ||
| 2 | $1,500 | $280 | ||
| 3 | $4,000 | $680 | ||
| 4 | $3,500 | $1,040 | ||
| 5 | $1,800 | $1,550
What is the present worth of this investment? $
|
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Hospitality Management Accounting
Authors: Michael M. Coltman, Martin G. Jagels, Martin Jagels
7th Edition
0471348848, 978-0471348849
