Question $2$

$2\mathrm{.}5pts$

Jones Plumbing can purchase a new machining tool for $$24,500$ that will provide an annual net cash flow of $$6,500$ per year for five years. Calculate the NPV of the tool if the required rate of return is $17\%$

$($$$3,704)$

$$10,141$

$$2,338$

$($$$1,244)$