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Sunland Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Sunland projects a net cash inflow from the retreading machine
Sunland Auto Repair Company owns a garage and is contemplating purchasing a tire retreading machine. Sunland projects a net cash inflow from the retreading machine of $ annually for years. It feels it could sell the machine for $ when done using it Sunland hopes to earn a return of on such investments. What is the net present value if machine costs $For calculation purposes, use decimal places as displayed in the factor table provided. Round answer to decimal places, eg
Click here to view the factor table.
Net present value $
Should Sunland purchase the retreading machine if it costs $
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