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Oriole Manufacturing is considering the purchase of new computerized equipment. The machine costs $20400 and would generate $4400 in annual cost savings over its 5-year

Oriole Manufacturing is considering the purchase of new computerized equipment. The machine costs $20400 and would generate $4400 in annual cost savings over its 5-year life. At the end of 6 years, the equipment would have a $3300 salvage value. Orioles required rate of return is 14%.

a. 26,400

b. -1787

c. 17100

d. 1503

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