Redwood Orchards Organics purchased a new composter at a cost of $82,000. Annual operating cash inflows are
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Redwood Orchards Organics purchased a new composter at a cost of $82,000. Annual operating cash inflows are expected to be $37,000 each year for four years. At the end of the composter's useful life, the salvage value of the tractor is expected to be $3,000. Required: What is the net present value if the cost of capital is 10 percent? Use the time value of money charts for your calculations. (Ignore income taxes.) Round your interim calculations to four decimal places and round your answer to nearest whole number.
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
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