Question: (Net present value calculation) Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $10,500,000

(Net present value calculation) Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $10,500,000 on new service equipment would generate annual net cash inflows from reduced costs of operations equal to $3,000,000 per year for each of the next 7 years. In year 7 the firm will also get back a cash flow equal to the salvage value of equipment, which is valued at $1.1 million. Thus, in year 7 the investment cash inflow totals $4,100,000. Calculate the project's NPV using a discount rate of 10 percent. If the discount rate is 10 percent, then the project's NPV is S (Round to the nearest dollar.)
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