Question: 10 3 points QS 24-17 (Algo) Net present value of annuity and salvage value LO P3 Pablo Company is considering buying a machine that
10 3 points QS 24-17 (Algo) Net present value of annuity and salvage value LO P3 Pablo Company is considering buying a machine that will yield income of $3,100 and net cash flow of $18,300 per year for three years. The machine costs $54,000 and has an estimated $8,400 salvage value. Pablo requires a 15% return on its investments. Compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your present value factor to 4 decimals.) 00:41:11 Years 1-3 References Totals Net present value Net Cash Flows PV Factor II = = = II = Present Value of Net Cash Flows $ 0 0
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