What is the present cost of a machine that has an initial cost $45,000, an annual benefit

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What is the present cost of a machine that has an initial cost $45,000, an annual benefit of $6,000, an annual maintenance cost of $3.000, salvage value of $7,000, and useful life of 8 years? Assume a 10% interest rate.

A) $6,279

B) $8,349

C) $25729

D) $32,260

Related Book For answer-question

Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Posted Date: Jul 10, 2019 02:16 AM

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What is the present cost of a machine that has an initial cost $45,000, an annual benefit

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Initial cost IC 45000 Annual benefit AB 6000 Annual maintenance cost AMC ... View the full answer

Foundations of Financial Management

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