Question

Landry’s Tool Supply Corporation is considering purchasing a machine that costs $56,000 and will produce annual cash flows of $19,000 for six years. The machine will be repurchased at the end of six years for $2,000. What is the net present value of the proposed investment? Landry’s requires a 12 percent return on all capital investments.



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  • CreatedApril 17, 2014
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