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Trump Construction is considering buying a new dump truck. The truck will cost $50,000 plus $3,000 of registration fees. Trumps anticipates using the truck for
Trump Construction is considering buying a new dump truck. The truck will cost $50,000 plus $3,000 of registration fees.
Trumps anticipates using the truck for five years, with net earnings per year of
Year 1 16000
Year 2 14000
Year 3 12000
Year 4 10000
Year 5 10000
Trumps cost of capital Is 9%.
Prepare an Excel schedule to determine if this is a good deal for the company.
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