Question
Multiple Choice Question 106 Bramble, Inc. is considering purchasing equipment costing $36000 with a 6-year useful life. The equipment will provide annual cost savings of
Multiple Choice Question 106
Bramble, Inc. is considering purchasing equipment costing $36000 with a 6-year useful life. The equipment will provide annual cost savings of $10600 and will be depreciated straight-line over its useful life with no salvage value. Bramble requires a 10% rate of return.
| Present Value of an Annuity of 1 | ||||||
| Period | 8% | 9% | 10% | 11% | 12% | 15% |
| 6 | 4.623 | 4.486 | 4.355 | 4.231 | 4.111 | 3.784 |
What is the approximate net present value of this investment?
|
| $8848 |
|
| $11552 |
|
| $27600 |
|
| $10163 |
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Auditing Warehouse Performance
Authors: Kenneth B. Ackerman
1st Edition
0963177680, 978-0963177681
