Question
The following data pertain to an investment proposal (Ignore income taxes.): Cost of the investment $ 70,000 Annual cost savings $ 20,000 Estimated salvage value
The following data pertain to an investment proposal (Ignore income taxes.):
Cost of the investment $ 70,000
Annual cost savings $ 20,000
Estimated salvage value $ 8,000
Life of the project 5 years
Discount rate 12 %
The net present value of the proposed investment is closest to:
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
