Kim Johnson purchased an asset for $80,000. Annual operating cash inflows are expected to be...
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Accounting
Kim Johnson purchased an asset for $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the life of the asset, Kim will not be able to sell the asset because it will have no salvage value.
Required:
Use Microsoft Excel to calculate the net present value if the cost of capital is 8 percent (ignore income taxes). Round your final answer to the nearest whole number.
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