Question: Current Attempt in Progress Crane, Inc. is considering the purchase of a warehouse directly across the street from its manufacturing plant. Crane currently warehouses its

 Current Attempt in Progress Crane, Inc. is considering the purchase of

Current Attempt in Progress Crane, Inc. is considering the purchase of a warehouse directly across the street from its manufacturing plant. Crane currently warehouses its inventory in a public warehouse across town. Rent on the warehouse and delivering and picking up inventory cost Crane $49920 per year. The building will cost Crane $468000. Crane will depreciate the building for 20 years. At the end of 20 years, the building will have a \$130000 salvage value. Crane's required rate of return is 10%. Click here to view the factor table. Using the present value tables, the building's net present value is (round to the nearest dollar) \$-43001. \$-23683. $424999. $998400

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