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The Absolute Armored Car can purchase a new vehicle for $89,000 that will provide annual net cash flow over the next five years of $26,000,
The Absolute Armored Car can purchase a new vehicle for $89,000 that will provide annual net cash flow over the next five years of $26,000, $30,000, $40,000, $27,000, $29,000. The salvage value of the vehicle will be $5,000. Assume that the vehicle is sold at the end of year 5. Calculate the NPV of the new vehicle if the required rate of return is 13.00%. (Round the answer to the nearest $1.)
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