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if this can also be solved using the BA 2 plus calculator that would be great. A company is evaluating the feasibility of investing in

if this can also be solved using the BA 2 plus calculator that would be great. image text in transcribed
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A company is evaluating the feasibility of investing in machinery to manufacture an automotive component. It would need to make an investment of $510,000 today, after which, it would have to spend $8,000 every year starting one year from now, for ten years. At the end of the period, the machine would have a salvage value of $11,000. The company confirmed that it can produce and sell 7,600 components every year for ten years and the net return would be $12.90 per component. The company's required rate of return is 5.00%. a. What is the Net Present Value (NPV) of this investment option? $122,717.45 Round to the nearest cent DU070. a. What is the Net Present Value (NPV) of this investment option? $122,717.45 Round to the nearest cent b. Is the investment option feasible? Yes

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