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  3. (2) consider an asset that is 3 years old and has

(2) Consider an asset that is 3 years old and has a remaining physical life...

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Accounting

(2) Consider an asset that is 3 years old and has a remaining physical life of 2 years with the following projected cash flows:

EOY Revenue Operating Cost Salvage Value

4 $1,200 $800 $300

5 $1,100 $900 $0

Assume that the asset may currently be sold for $600 and that the before tax MARR is 10%. What is the PW of keeping the asset for TWO more years? Answer is -71.08 but I don't know how to get to it

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