Question
The annual profit from an investment is $15,000 each year for 5 years and the cost of investment is $70,000 with a salvage value of
The annual profit from an investment is $15,000 each year for 5 years and the cost of investment is $70,000 with a salvage value of $45,000.The cost of capital at this risk level is 14%.
Based on this given information, the net present value of the investment = $_______ (round your response to the nearest whole number).
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Accounting
Authors: Michael J. Jones
2nd Edition
0470017791, 978-0470017791
