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The Concord Company is planning to purchase $458,000 of equipment with an estimated 7-year life...

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Accounting

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The Concord Company is planning to purchase $458,000 of equipment with an estimated 7-year life and no estimated salvage value. The company has projected the following annual cash flows for the investment: Year Projected Cash Flows 1 $211,000 2 144,000 3 123,000 4 53,900 5 69,100 6 49,900 7 47,200 Total $698,100 Click here to view the factor table. Calculate the net present value of the proposed equipment purchase. Concord uses a 7% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971.) Net present value $

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