The following data pertain to an investment proposal (Ignore income taxes.): Cost of the...
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Accounting
The following data pertain to an investment proposal (Ignore income taxes.):
Cost of the investment$ 40,000Annual cost savings$ 11,000Estimated salvage value$ 5,000Life of the project5yearsDiscount rate10%
Click here to viewExhibit 14B-1andExhibit 14B-2, to determine the appropriate discount factor(s) using the tables provided.
The net present value of the proposed investment is closest to:(Round your intermediate calculations and final answer to the nearest whole dollar amount.)
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