Your company is considering two alternative equipment types. Equipment Type A costs $5,000, has an expected life of 6 years, and generates end-of-year cash flows of $1,500 per year. At the end of 6 years, the salvage value of the equipment is zero. Alternatively, the company can buy Equipment Type B at a cost of $4,000 today. Equipment Type B will produce end-of-year cash flows of $1,000 a year for 6 years, after which it will have a salvage value of $2,200. Assume that the cost of capital is 11% p.a. compounded annually. If the company chooses the equipment type that adds the most value to the firm using the NPV criterion, which equipment type should the company choose? Answer the following questions, and choose the closest answer from the possible choices following each question:

a. What is the NPV for Equipment Type B?

b. For Equipment Type B, which TVM variable on the financial calculator does $2,200 represent?

c. Evaluate the statement: The $5,000 cost for Equipment Type A should be adjusted to a FV in this analysis. (Answer Yes or No)

d. Which Equipment Type (A or B) should your company choose based on NPV criterion?

e. For Equipment Type A, which TVM variable on the financial calculator does $1,500 represent?

f. Evaluate the statement: All else being constant, the higher the discount rate, the lower the NPV. (Answer Yes or No)

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