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Mini Inc. is contemplating a capital project costing $47.019. The project will provide annual cost savings of $19.125 for 3 years and have a salvage
Mini Inc. is contemplating a capital project costing $47.019. The project will provide annual cost savings of $19.125 for 3 years and have a salvage value of $3,000. The company's required rate of return is 10%. The company uses straight-line depreciation. Present Value of an Annuity of 1 Period Present Value of 1 at 10% Present Value of an Annuity of 1 at 10% 909 909 1.736 826 751 Calculate the Net Present Valua. Round your answer to 2 decimal places
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