To complete this activity, you will need to have Excel installed on your computer. This exercise requires
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To complete this activity, you will need to have Excel installed on your computer. This exercise requires you to work in Excel and answer questions in Connect. You will read a brief scenario and then download an Excel file that you will need to complete the requirements in Parts and of this exercise.
Some of the requirements include brief video tutorials on using Excel functions. After viewing the tutorials, you will then use what you learned to work directly in Excel to answer the required questions in Connect.
Henderson Company has an opportunity to manufacture and sell a new product for a fiveyear period. The company estimated the following costs and revenues for the new product:
Cost of new equipment $
Initial working capital required $
Overhaul of the equipment after three years $
Salvage value of the equipment after five years $
Annual revenues and costs:
Sales $
Variable expenses $
Fixed outofpocket operating costs $
When the project concludes in five years the working capital will be released for investment elsewhere in the company.
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