Wilferd Accounting Services needs to regularly update its existing computer workstations. If it purchases the workstations, it will need to pay $26,500 today and it can sell the equipment after two years for 2% of the purchase price. It will need to borrow these funds for two years at 7.75% compounded monthly. 

Calculate the net present value (NPV) as a positive cost.

Answer rating: 100% (QA)

To calculate the net present value NPV of purchasing the workstations as a positive cost we need to ... View the full answer