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Required information [The following information applies to the questions displayed below.) A company is investing in a solar panel system to reduce its electricity costs.
Required information [The following information applies to the questions displayed below.) A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $103,274.60 today. The system is expected to generate net cash flows of $9,773 per year for the next 35 years. The investment has zero salvage value. The company requires an 8% return on its investments. 1-a. Compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) Chart Values are Based on: n = Select Chart Amount x PV Factor = Present Value Cash Flow Annual cash flow Net present value
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