Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $11,820. After estimating costs and revenues, Barney projects a net cash inflow from the retreading machine of $2,700 annually for 7 years. Barney hopes to earn a return of 11% on such investments Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the present value of the retreading operation? (Round answer to 2 decimal places, e. g. 25.25.) Present value Should Barney Googal purchase the retreading machine?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Barney Googal owns a garage and is contemplating purchasing a tire retreading machine for $11,820. After estimating costs and revenues, ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
When checking your vehicle during the inspection which of these statements is true
Answers (1)
Automatic stabilizers are critical to the success of supply-side policies. True or False
Answers (1)
What are three parts of the cell theory?
Answers (2)
The marginal benefit curve is: A. upsloping because of increasing marginal opportunity costs. B. upsloping because successive units of a specific product yield less and less extra benefit. C.
Answers (1)
A circuit contains two 90 Ω resistors connected in parallel. What's the total circuit resistance?
Answers (2)
New Questions in Business
Lakisha is a professor of economics. She is currently earning $100,000 a year as a professor. She decides to quit her job as a professor and opens a consulting firm. In order to do this, she cashes out her retirement fund of $200,000.
Answers (1)
true or false Activity cost pools are factory overhead costs initially budgeted for activities, such as machine usage, inspections, moving, production setups, and engineering activities.
Answers (1)
Prepare the Statement of Cash Flows for Smart Touch Learning for the month ended December 31, 2016 from the provided information. Within each section of the statement, use the drop-down menus to enter the accounts.
Answers (1)
A company is considering purchasing a machine for $21,000. The machine will generate an after-tax net income of $2,000 per year. Annual depreciation expense would be $1,500. What is the payback period for the new machine? a. 4 years. b. 6 years. c.
Answers (1)
A company purchased a delivery van for $15,500 with a salvage value of $2,300 on September 1, Year 1. It has an estimated useful life of 4 years.
Answers (1)