Seventeen Seconds, Inc. is considering a long-term investment. The investment will require an investment of $40,000. It
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Seventeen Seconds, Inc. is considering a long-term investment. The investment will require an investment of $40,000. It will have a useful life of 2 years, and no salvage (i.e., ending) value. Annual cash savings from the investment are $22,000. Assume that cash flows other than the initial investment occur at the end of the year, and that the cost of capital (i.e., discount rate) is 10%. Calculate the net present value of the investment.
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