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Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $400,000 Annual cash inflows $80,000 Salvage value $0 Life
Shields Company has gathered the following data on a proposed investment project:
| Investment required in equipment | $400,000 |
| Annual cash inflows | $80,000 |
| Salvage value | $0 |
| Life of the investment | 10 years |
| Discount rate | 10% |
The net present value on this investment is closest to:
Multiple Choice
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$400,000.
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$80,000.
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$76,750.
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$91,600.
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Payroll Accounting 2019
Authors: Bernard J. Bieg, Judith A. Toland
29th Edition
1337619779
