Question: Current Attempt in Progress Oriole, Inc. is considering purchasing equipment costing $72000 with a 6-year useful life. The equipment will provide annual cost savings of

Current Attempt in Progress Oriole, Inc. is considering purchasing equipment costing $72000 with a 6-year useful life. The equipment will provide annual cost savings of $19600 and will be depreciated straight-line over its useful life with no salvage value. Oriole requires a 10% rate of return. Period 8% Present Value of an Annuity of 1 9% 10% 11% 12% 15% 4.486 4.355 4.231 4.111 3.784 6 4.623 What is the approximate net present value of this investment? $45600 $13358 $10927 $15926

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