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HopeHope Industries is considering investing $ 625 comma 000$625,000 in equipment that will have no residual value. The equipment is expected to result in annual

HopeHope Industries is considering investing $ 625 comma 000$625,000 in equipment that will have no residual value. The equipment is expected to result in annual net cash inflows of $ 110 comma 000$110,000 per year for the next tenten years. Assuming that HopeHope Industries uses aa 1212 % hurdle rate, what is the net present value (NPV) of the equipment investment? Is this a favorable investment?

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