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Oriole Enterprises is considering investing in a new packing machine. The new machine will provide...

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Accounting

Oriole Enterprises is considering investing in a new packing machine. The new machine will provide annual cash operating inflows of $10824 for 5 years. The cost of the machine is $37224 and it can be sold at the end of its 5-year useful life for $5984. Oriole's required rate of return is 10%.
\table[[Type of cash flow,Periods,Interest rate,Factor],[PV of $1,5,10%,0.6209],[FV of $1,5,10%,1.6105],[PV ordinary annuity,5,10%,3.7908],[FV ordinary annuity,5,10%,6.1051],[PV annuity due,5,10%,4.1699]]
What is the machine's net present value? (round to the nearest dollar)
$7523
$10917
$14539
image

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