Kingbird Corp. has an 8 % required rate of return. Its considering a project that would provide

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Kingbird Corp. has an 8% required rate of return. It’s considering a project that would provide annual cost savings of $68000 for 5years. The most that Johnson would be willing to spend on this project is

Year	Present Value of 1 at 8%	PV of an Annuity of 1 at 8%
1	0.926	0.926
2	0.857	1.783
3	0.794	2.577
4	0.735	3.312
5	0.681	3.993

$171238.$225216.$46308.$271524.

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Personal Finance Turning Money into Wealth

ISBN: 978-0133856439

7th edition

Authors: Arthur J. Keown

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Posted Date: Jan 30, 2022 06:31 PM

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Kingbird Corp. has an 8 % required rate of return. Its considering a project that would provide

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Solution Answer D 271524 Explanation The most that Johnson ... View the full answer

Personal Finance Turning Money into Wealth

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