Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the following data are accumulated by geddes compa

The following data are accumulated by Geddes Company in evaluating the purchase of 142 000...

80.2K

Verified Solution

Question

Basic Math

image

The following data are accumulated by Geddes Company in evaluating the purchase of 142 000 of equipment having a four year useful life Net Income Net Cash Flow Year 1 Year 2 Year 3 Year 4 Year 1 2 3 4 5 6 7 8 9 10 32 000 20 000 10 000 1 000 Present Value of 1 at Compound Interest 12 6 0 943 0 890 0 840 0 792 0 747 0 705 0 665 0 627 0 592 0 558 Amount to be invested 10 0 909 0 826 0 751 0 683 0 621 0 564 0 513 0 467 0 424 0 386 Nel present value 0 893 0 797 0 712 0 636 0 567 0 507 0 452 0 404 0 361 0 322 15 0 870 0 756 0 658 0 572 0 497 0 432 0 376 0 327 0 264 0 247 a Assuming that the desired rate of return is 6 determine the net present value for the proposal Use the table of the present value of 1 presented above If required round to the nearest dollar If required use the minus sign to indicate a negative net present value Present value of net cash flow Sfill in the blank 1 55 000 42 000 32 000 21 000 fill in the blank 2 20 0 833 0 694 0 579 0 482 0 402 0 335 0 279 0 233 0 194 0 162 sfill in the blank likely to look with favor on the proposal because the net present value indicates that the return proposal is than the minimum desired rate of return of 6 2 End of do

Answer & Explanation Solved by verified expert
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

Other questions asked by students

Finance
1.2K views

Following her 18th birthday, Madison began investing $26 at the end of each week in an...

Physics
1.2K views

The two wires carry current i1 and i2, respectively, with positive current to the right. The...

Economics
1.2K views

Brazil is a very large emerging market that is becoming increasingly important in many MNEs’ global supply...

Biology
1.2K views

Make sure you completely understand How the balance between intraspecific competition and interspecific competition leads...

Basic Math
1.2K views

Suppose cos x and 90 x 180 a 5 pts Use identities to find the...

Basic Math
1.2K views

Kaj and some friends are going to the movies. At the theater, they sell a...

Algebra
1.2K views

8 What is the sum of 6 7 and 2 63 A 3 7 B...

Accounting
1.2K views

On January of the current year, Mary (20%), Lynn (30%) and Bill (50%) are partners...

Accounting
1.2K views

Building Beginning inventory Mortgage bond Advertising Inventory Ordinary shares Sales Interest expense Interest received Fuel...

Accounting
1.2K views

During 2020, XYZ Ltd had revenue of $705000. Cost of sales, administrative and distribution costs,...

Accounting
1.2K views

Which of the following is not a certification issued by the IIA? Group of answer...

Accounting
1.2K views

QS 3-20 (Algo) Preparing closing entries LO P6 The ledger of Mai Company includes the...