Q) Ryan Clinical Practice is considering an investment in new imaging equipment that will cost $400,000. The equipment is expected to yield cash inflows $80,000 per year for six year period. At the end of the sixth year, the firm expects to recover $150,000 from the sale of the equipment. Ryan set a required rate of return at 10%. What is the net present value of the investment? (Ignore Income Tax)

• The answer on my paper says its $33,000 but I need to know how to solve this problem for my final. Thank you :)!