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Question
The following present value factors are provided for use in this problem.| Periods | Present Value Present Value of an of $1 at 8% Annuity of $1 at 8% | |
| 1 | 0.9259 | 0.9259 |
| 2 | 0.8573 | 1.7833 |
| 3 | 0.7938 | 2.5771 |
| 4 | 0.7350 | 3.3121 |
Xavier Co. wants to purchase a machine for $37,000 with a four year life and a $1,000 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $12,000 in each of the four years. What is the machine's net present value (round to the nearest whole dollar)?
A.$3,480
B.$2,745.
C.$40,480.
D.$(3,480).
E.$(2,745).
Answer
This answer is hidden. It contains 178 characters.
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