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The Grace Company purchased equipment for $14,000 on January 1, 2022 and estimates that it will increase net cash flows by the following amounts
The Grace Company purchased equipment for $14,000 on January 1, 2022 and estimates that it will increase net cash flows by the following amounts Year 1 $5,800 Year 2 4,200 Year 3 3,100 Year 4 1,900 Year 5 800 At the end of that time the equipment will be worthless. Assuming an interest rate of three percent, what is the NPV for the equipment? Use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar.
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