TAKE HOME QUIZ #9 HONORS ACCT2332 Spring 2017 Facts: Questions 1-4 Lifetime Equipment Company buys a piece of equipment for $36,442 that will last for T years. The equipment will generate cash ows of $7,000 per year and will have no salvage value at the end of its life. Ignore taxes unless told to include them. 1. What is the net present value using a 12% cost of capital