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Flexsteel industrles manufoctures fumiture for the retall, contract, and recreational valicie furniture markets. Flexstant is considering the purchase of a new plece of equipment. The
Flexsteel industrles manufoctures fumiture for the retall, contract, and recreational valicie furniture markets. Flexstant is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual incremse In cash now or \$108,000. The equlpment will have an initial cost of $450,000 and have a 5 -year ilfe. The salvage valiue of the equipment is estimated to be $80,000. If the discount rate is 8x, what is the approximate net present value? ignore income taxes. (Future Value of \$1, Present Value of \$1. Future Value Annulty of \$1. Present Value Annulty of \$1) (Use approprite factor from the PV tables. Round your final answer to the nearest dollar amount) Muntile Choice s(48,788) 5188,000 $35,660 eeno nnn
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