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Tommy Horvaths Manufacturing is evaluating the purchase of a new machine that will cut labor...

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Finance

Tommy Horvaths Manufacturing is evaluating the purchase of a new machine that will cut labor requirements. This new investment has the following cash flows:

YEAR CASH FLOW

0 -$34,000

1 $ 9,000

2 $ 11,000

3 $ 11,000

Tommy can accept this project if it will earn the company a 12% return on investment. What is the NPV of this project?

  1. 11,403.97
  2. -9,365.57
  3. -11,403.97
  4. 9,365.57

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