Question
(Ignore income taxes in this problem.) The Exxon Mobil Corporation purchased a piece of equipment with the following expected results: Useful life 7 years Yearly
| (Ignore income taxes in this problem.) The Exxon Mobil Corporation purchased a piece of equipment with the following expected results: |
| Useful life | 7 years |
| Yearly net cash inflow | $60,000 |
| Salvage value | $0 |
| Internal rate of return | 14% |
| Discount rate | 10% |
| The initial cost of the equipment was: (Round your final answer to the nearest dollar amount and select the closest answer.) |
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Environmental Auditing Fundamentals And Techniques
Authors: J. Ladd Greeno
2nd Edition
091509410X, 978-0915094103
