Piccadilly Hospital has purchased new lab equipment for $200,000. The equipment is expected to last for...

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Piccadilly Hospital has purchased new lab equipment for $200,000. The equipment is expected to last for three years and to provide cash inflows as follows: Year 1 $60,000 Year 2 $70,000 Year 3 ? Required: Assuming that the equipment will yield exactly a 10% rate of return, what is the expected cash inflow for year 3? (Hint. Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount.) > Answer is complete but not entirely correct. Expected cash inflow $ 116,600 x Piccadilly Hospital has purchased new lab equipment for $200,000. The equipment is expected to last for three years and to provide cash inflows as follows: Year 1 $60,000 Year 2 $70,000 Year 3 ? Required: Assuming that the equipment will yield exactly a 10% rate of return, what is the expected cash inflow for year 3? (Hint. Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount.) > Answer is complete but not entirely correct. Expected cash inflow $ 116,600 x

Answer rating: 100% (QA)

To calculate the expected cash inflow for Year 3 we need to use the concept of present value and dis... View the full answer