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The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $47,000 and have no residual value Management expects

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The local supermarket is considering investing in self-checkout kiosks for its customers. The self-checkout kiosks will cost $47,000 and have no residual value Management expects the equipment to result in net cash savings over three years as customers grow accustomed to using the new technology $14,000 the first year. $23,000 the second year S27 000 the third year. Assuming a 12% discount rate, what is the NPV of the kiosk investment? Is this a favorable investment? Why or why not? (Click the icon to view the present value of an annuity table> (Click the icon to view the present value table.) (Click the icon to view the future value of an annuity table) (Click the icon to view the future value table) (Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present values The NPV is $ favorable investment The NPV is and therefore the kiosks

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