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Please help only with number 3. I have solved all of the rest of the answers. Answers: 1) 227,327 2) B 3) ? 4) A
Please help only with number 3. I have solved all of the rest of the answers.
Answers:
1) 227,327
2) B
3) ?
4) A
Merrill Corp. has the following information available about a potential capital investment: Initial investment Annual net income Expected life Salvage value Merrill's cost of capital $ 700,000 $ 70,000 8 years $ 80,000 Assume straight line depreciation method is used. Required: 1. Calculate the project's net present value. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Do not round intermediate calculations. Round the final answer to nearest whole dollar.) Net Present ValueStep by Step Solution
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