Chapter 9 Exercises 2,3,4,7,10,11 & Problems 23,25 Question 8 of 8 View Policies Current Attempt in Progress Sheffield Company manufactures automobile components for the worldwide market. The company has three large production facilities in Virginia, New Jersey, and California, which have been operating for many years. Brett Harker, vice president of production, believes it is time to upgrade operations by implementing computer-integrated manufacturing (CIM) at one of the plants, Brett has asked corporate controller Connie Carson to gather information about the costs and benefits of implementing CIM Corson has gathered the following data Initial equipment cost $7.920,000 Working capital required at start-up $ 600.000 Salvage value prexisting equipment $ 89.850 Annual operating cost savings $ 1,006,320 Salvage value of new equipment at end of its useful life 5 239.600 Working capital released at end of its useful life 5 600,000 Useful life of equipment 10 years Shelfeld Company uses a 12% discount rate Click here to view the factor table + Chapter 9 Exercises 2,3,4,7,10,11 & Problems 23,25 A Question 8 of 8