The following present value factors are provided for use in this problem.
periods present value of $1 at 12% present value of an annuity of $1 at 12%
1 0.8929 0.8929
2 0.7972 1.6901
3 0.7118 2.4018
4 0.6355 3.0373
cliff co. wants to purchase a machine for $50,000, but needs to earn an 12% return. the expected year-end net cash flows are $18,000 in each of the first three years, and $22,000 in the fourth year. what is the machine's net present value?
Answers: 3
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The following present value factors are provided for use in this problem.
periods presen...
periods presen...
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