Knowledge Check Walen Co. has intends to purchase a new forklift for $89,000.00 cash. It expects annual net operating cash flows of $13,800 per year for 8 years, and a salvage value at the end of 8 years of $8,800. Walen uses a 6% discount rate. What is the net present value of the investment? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g., 52.75).) Click here to view the factor table. Net present value of investment LA $

Walen Co. has intends to purchase a new forklift for $89,000.00 cash. It expects annual net operating cash flows of $13,800 per year for 8 years, and a salvage value at the end of 8 years of $8,800. Walen uses a 6% discount rate. What is the net present value of the investment? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.3.52.75).) Click here to view the factor table. Net present value of investment