The Flounder Company is planning to purchase $468,000 of equipment with an estimated 7 -year...
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The Flounder Company is planning to purchase $468,000 of equipment with an estimated 7 -year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flounder uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971
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The Flounder Company is planning to purchase $468,000 of equipment with an estimated 7 -year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Flounder uses a 11% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971 