Project Y requires a $345,000 investment for new machinery with a six-year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Y $ 355,000 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses 159,040 57,500 25,000 Income $ 113,460 Determine Project Y's net present value using 9% as the discount rate. (Do not round intermediate calculations. Round ur present value factor to 4 decimals and final answers to the nearest whole dollar.) Present Value Present Value of Net Net Cash Flows of Annuity at %3D Cash Flows 9% ars 1-6 2$ %3D Net present value

Project Y requires a $345,000 investment for new machinery with a six-year life and no salvage value. The project yields the following annual results. Cash flows occur evenly within each year. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project Y $ 355,000 Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses 159,040 57,500 25,000 Income $ 113,460 Determine Project Y's net present value using 9% as the discount rate. (Do not round intermediate calculations. Round ur present value factor to 4 decimals and final answers to the nearest whole dollar.) Present Value Present Value of Net Net Cash Flows of Annuity at %3D Cash Flows 9% ars 1-6 2$ %3D Net present value

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter11: Capital Budgeting And Risk

Section: Chapter Questions

Problem 15P

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