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Find the present value of an investment in plant and equipment if it is expected...

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Accounting

Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $61500 for 15 years and to have a resale value of $121500 at the end of that period. Assume a 12% rate and earnings at year end. The present value of 1 at 12% for 15 periods is 0.18270. The present value of an ordinary annuity at 12% for 15 periods is 6.81086. The future value of 1 at 12% for 15 periods is 5.47357.

$521045

$845360

$418868

$441066

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