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Whispering Winds Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $40000 for 5 years.
Whispering Winds Corp. has an 8% required rate of return. It's considering a project that would provide annual cost savings of $40000 for 5 years. The most that Whispering Winds would be willing to spend on this project is Present Value of 1 at 8% PV of an Annuity of 1 at 8% Year 1 0.926 0.926 Q 2 0.857 1.783 3 0.794 2.577 4 0.735 3.312 5 0.681 3.993 O $132480 O $27240 $159720 $100728
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Governmental Accounting
Authors: Steven M. Bragg
2022nd Edition
1642210781, 978-1642210781
