Your Company is considering a project that would require an initial investment of $875,000 and...
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Accounting
Your Company is considering a project that would require an initial investment of $875,000 and would have a useful life of 8 years. The annual cash receipts would be $178,000 and the annual cash expenses would be $45,000. The salvage value of the assets used in the project would be $55,000. The company uses a discount rate of 5%. What it the net present value of the project?
$12,105
$19,653
($15,421)
$21,814
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