Question
Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life 6 years Yearly net cash inflow $ 45,000 Salvage value
Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.):
|
|
|
| Useful life | 6 years |
| Yearly net cash inflow | $ 45,000 |
| Salvage value |
|
|
| 18% |
| Internal rate of return Required rate of return | 14% |
The initial cost of the equipment is closest to:
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Glencoe Accounting
Authors: McGraw-Hill
1st Edition
0021400881, 9780021400881
