Norberto Garcia, general manager of the Argentinean subsidiary of Innovation Inc., is considering the purchase of new industrial equipment to improve efficiency at its Cordoba plant. The equipment has an estimated useful life of eight years. The estimated cash flows for the equipment are shown in the table that follows, with no anticipated change in working capital. Innovation has an 18% required rate of return. Assume depreciation is calculated on a straight-line basis. Assume all cash flows occur at year-end except for initial investment amounts. E (Click the icon to view the estimated cash flows for the equipment.) (Click the icon to view the present value factor table.) E (Click the icon to view the present value annuity factor table.) Required Requirement 1. a. Calculate the NPV (net present value) of the new industrial equipment. (Round your answers to the nearest whole dollar. Use a minus sign or parentheses for a negative net present value.) Net Cash Total Present Annuity PV factor at i=18%, n=8 Inflow Value Net present value: Present value of annuity of equal annual net cash inflows X per year Net initial investment Net present value Norberto Garcia, general manager of the Argentinean subsidiary of Innovation Inc., is considering the purchase of new industrial equipment to improve efficiency at its Cordoba plant. useful life of eight years. The estimated cash flows for the equipment are shown in the table that follows, with no anticipated change in working capital. Innovation has an 18% require depreciation is calculated on a straight-line basis. Assume all cash flows occur at year-end except for initial investment amounts. (Click the icon to view the estimated cash flows for the equipment.) (Click the icon to view the present value facto Required Data Table - $ 140,000 Requirement 1. a. Calculate the NPV (net present htheses for a ne Initial investment Annual cash flows from operations (excluding the depreciation effect) Cash flow from terminal disposal of equipment $ 45,000 $ 0 Annuity PV at i=18%, Net present value: Present value of annuity of equal Print Done annual net cash inflows Net initial investment Net present value Question 3, Exercise 21-... HW Score: 18%, 9 of 50 points Homework: Capital Budgeting Data Table tits Cordoba plant has an 18% require Garcia, general manager of the Argentinean of eight years. The estimated cash flows for on is calculated on a straight-line basis. Assi