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I cant figure out how to flip it sorry Time Value of Money Assignment, v. 3 [Protected View] - Excel (Unlicensed P File Home Insert
I cant figure out how to flip it sorry
Time Value of Money Assignment, v. 3 [Protected View] - Excel (Unlicensed P File Home Insert Page Layout Formulas Data Review View Help Tell me what you want to do A11 n G H 1 K D 1 (9 points) AM Express Inc. is considering the purchase of an 2 additional delivery vehicle for $55,000 on January 1, 2018. The truck 3 is expected to have a five-year life with an expected residual value of 4 $25,000 at the end of five years. The additional revenues from the 5 added delivery capacity are expected to be $82,000 per year for each 6 of the next five years. The driver will cost $42,000 in 2018, with an 7 expected salary increase of $1,000 for each year thereafter. The annual operating costs for the truck are estimated to be $5,000 per year. Calculate the net present value of this investment using an 10 interest rate of 12%. (Show your work!!) 11 12 13 8 9 14 15 16 17 18 19 20 21 22 23 24 25 26 Name andStep by Step Solution
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