You have the opportunity to purchase a machine for 10,000 After careful study of expected costs and revenues you estimate that the machine will produce a net cash flow of 3,200 annually and will last 5 years Based on an interest rate of 7 percent. Determine the present value of the machine and if the machine should be purchased?

Answer rating: 100% (QA)

PVIFA345 1 0287013 i 007 007 410018 3120 Present value ... View the full answer