Question: Using a Texas instruments BAII Financial calculator, what are the inputs I will use to figure out this problem? A project has an initial cost

Using a Texas instruments BAII Financial calculator, what are the inputs I will use to figure out this problem?

A project has an initial cost of $30,000 and will produce cash inflows of 8000 per year for the next five years. In addition, the project will have a salvage value of $2000 at the end of its useful life. Find the net present value of the project assuming a discount rate of 10%.

I inputted 5N, 10%I, 8,000PMT, 2,000FV and then I got stuck because I do not know how to compute the net present value using the financial calculator.

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1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.

4. It is only at this point that you can give the problem your full attention in relation to the various ways you have framed the problem.