X Company is thinking about expanding the production of Product A and eliminating Product B. Expanding sales of A should result in additional firm profits of $12,000 per year for the next 8 years, but will require the purchase of some additional equipment, costing $10,000. This equipment should be worth $3,800 at the end of 8 years. By eliminating Product B, the firm will lose the product's $6,000 annual contribution margin but will save $14,000 of annual fixed costs. Assuming a discount rate of 6%, what is the net present value of expanding the production of Product A and eliminating Product B? Submit Answer Tries 0/3