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Gaspode Ltd is going to invest in a new machine costing 135,000 The...

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Accounting

Gaspode Ltd is going to invest in a new machine costing 135,000
The machine will have a life of 6 years with 20,000 scrap(residual value) and will produce extra PROFITS of:
Year 1: 5000
Year 2: 10,000
Year 3: 15,000
Year 4:5,000
Year 5: 5,000
The required rate of return is 8%
What is the Net Present Value of the project?

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