Question 34 8 pts Kinston Industries is considering investing in a machine that will cost...
80.2K
Verified Solution
Link Copied!
Question
Finance
Question 34 8 pts Kinston Industries is considering investing in a machine that will cost $140,000 and will last for three years. Assume that Kinston's new machine will be depreciated straight line to a salvage value of $5,000 at the end of year three. The machine will generate revenues of $120,000 each year and the cost of goods sold will be 50% of sales. Fixed cost is $15000. At the end of yearthree the machine will be sold for $15,000. The appropriate cost of capital is 8% and Kinston is in the 32% tax bracket. Edit View Insert Format Tools Table 12pt Paragraph
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.