Pirate Company produces planks. They are currently considering replacing their fleet of delivery trucks. Replacing the...

90.2K

Verified Solution

Question

Finance

Pirate Company produces planks. They are currently consideringreplacing their fleet of delivery trucks. Replacing the old truckswill require an initial outlay of $300,000 but Pirate Company willsave $200,000 per year in fuel costs over the 6 year life of theproject. The trucks will be depreciated at a cost of $50,000 peryear. If the tax rate is 40% and WACC is 8%, should Pirate Companyreplace their current fleet of delivery trucks? Use the NPVcriteria to make your decision.

Answer & Explanation Solved by verified expert
4.4 Ratings (697 Votes)
Solution Pirate Company should replace their current    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Transcribed Image Text

Pirate Company produces planks. They are currently consideringreplacing their fleet of delivery trucks. Replacing the old truckswill require an initial outlay of $300,000 but Pirate Company willsave $200,000 per year in fuel costs over the 6 year life of theproject. The trucks will be depreciated at a cost of $50,000 peryear. If the tax rate is 40% and WACC is 8%, should Pirate Companyreplace their current fleet of delivery trucks? Use the NPVcriteria to make your decision.

Other questions asked by students