Question: Problem 10-18A (Algo) Postaudit evaluation LO 10-2 Brett Collins is reviewing his company's investment in a cement plant. The company paid $15,100,000 five years ago

 Problem 10-18A (Algo) Postaudit evaluation LO 10-2 Brett Collins is reviewing

Problem 10-18A (Algo) Postaudit evaluation LO 10-2 Brett Collins is reviewing his company's investment in a cement plant. The company paid $15,100,000 five years ago to acquire the plant. Now top management is considering an opportunity to sell it. The president wants to know whether the plant has met original expectations before he decides its fate. The company's desired rate of return for present value computations is 12 percent. Expected and actual cash flows follow. (PV of \$1 and PVA of \$1) (Use appropriate factor(s) from the tables provided.) Required a.sb. Compute the pet present value of the expected and actual cash flows as of the beginning of the investment (Negative amounts should be indicated by a minus sign. Round your intermediote calculations and final answer to the nearest whole dollac)

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