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The Culver Company is planning to purchase $468,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected
The Culver Company is planning to purchase $468,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Year Projected Cash Flows 1 $208,000 2 140,000 3 123,000 4 59,600 5 62,300 6 49,700 7 41,200 Total $683,800 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Culver uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, e.g. 58,971.) Net present value +A $
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