Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.)...
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Accounting
| Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.) |
| Investment required in equipment | $560,000 |
| Annual cash inflows | $82,000 |
| Salvage value | $0 |
| Life of the investment | 16 years |
| Discount rate | 9% |
| Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables. |
| The net present value on this investment is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.) |
$78,750
$560,000
$82,000
$121,666
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