Question
I need help with question 3 please, I already did question two but added it since it goes along with question 3. For question 2
I need help with question 3 please, I already did question two but added it since it goes along with question 3. For question 2 I got that the NVP = $6,840.33
2. Westland Manufacturing spends $20,000 to update the lighting in its factory to more energy-efficient LED fixtures. This will save the company $4,000 per year in electricity costs. The company estimates that these fixtures will last for 10 years. If the company's cost of funds is 8%, what is the NPV of this project?
3. If Westland Manufacturing finds that its cost of funds is 11%, what will happen to the NPV of the project in problem 2?
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