Question
You have purchased a canning machine for $7,000.00. You expect the machine to save your company $3,800.00 each year for the next 10 years. What
You have purchased a canning machine for $7,000.00. You expect the machine to save your company $3,800.00 each year for the next 10 years. What is the profitability index of the machine? Use a discount rate of 11.50%.
| 3.03 |
| 3.01 |
| 3.35 |
| 3.29 |
| 3.13 |
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Cases In Financial Management
Authors: I.M. Pandey
3rd Edition
0071333428, 978-0071333429
