Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an
annuity of $1 at 10 percent and eight years is 5.335. The net present value of the project is
a. $74,520.
b. $120,100.
c. $93,400.
d. $22,740.
D
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The person who promises to pay a certain amount of money at a definite future time is called the
a. maker of the note. b. payee of the note. c. discounter of the note. d. endorser of the note.
Focusing on diversity climate dimensionality, Buttner and her colleagues (2012) examined the relative effect of two diversity measurements, the diversity climate dimensions captured by the Mor Barak et al (1998) diversity climate scale and _______________
a. The Chrobot-Mason (2003) diversity promise fulfillment scale. b. The Interactional Model of Cultural Diversity (IMCD) c. Positive Climate for Diversity (PCFD) d. Diversity Climate scale by Kossek and Zonia (1993)
Diversification of stocks reduces unsystematic or firm-specific risk, leaving systematic or market risk
Indicate whether the statement is true or false
Brice is an engineer involved in the product development of a new plastic laminate that would be sold to manufacturers of kitchen counter tops. Currently, Brice and his colleagues are considering the potential for profitability of the new product. They are likely in the ____ phase of the new product development process.
A. idea generation B. market testing C. business analysis D. concept testing E. compatibility research