Question
Moates Corporation has provided the following data concerning an investment project that it is considering: Initial investment $ 380,000 Annual cash flow $ 124,000 per
Moates Corporation has provided the following data concerning an investment project that it is considering:
| Initial investment | $ 380,000 | |
|---|---|---|
| Annual cash flow | $ 124,000 | per year |
| Expected life of the project | 4 | years |
| Discount rate | 10% |
Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.
The net present value of the project is closest to: (Round your intermediate calculations and final answer to the nearest whole dollar amount.)
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
