Net Present Value:

The Lees are considering adding a new piece of equipment that will speed up the process of building the bobble heads. The cost of the piece of equipment is $42,000.00. It is expected that the new piece of equipment will lead a cash flows of $17,000.00, $29,000.00, and $40,000.00 over the next 3 years.

If the appropriate discount rate is 12% what is the NPV of this investment? explain the findings?