Question
Kenner Broom buys a machine for his business. The machine costs $150,000. Kenner estimates that the machine can produce $40,000 cash inflow per year for
Kenner Broom buys a machine for his business. The machine costs $150,000. Kenner estimates that the machine can produce $40,000 cash inflow per year for the next five years. His cost of capital is 12 percent. What is the approximate net present value?
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Enterprise Risk Management In Finance
Authors: David L. Olson, Desheng Dash Wu
1st Edition
1349691038, 978-1349691036
