Examlex
Advanced Digital Design is analyzing a capital investment project for using new computing technology to reduce current operating costs.The new computing technology will have a five-year life with no salvage value at the end of five years.Advanced Digital Design's cost of capital is 12%.Relevant cash flows and present value factors for 5 years @ 12% are as follows: Investment in computer technology = $500,000.
Annual net cash savings from new computer technology = $135,000.
Salvage value of new computer technology = $0.
Present value of $1 = 0.5674
Present value of an annuity of $1 = 3.6048
The net present value of the investment in new computing technology is:
Shape Constancy
The ability of the visual perception system to recognize an object's shape despite its orientation or the angle from which it is viewed.
Brightness Constancy
The psychological phenomenon where the perceived brightness of an object remains constant despite changes in the illumination conditions.
Color Constancy
The psychological feature that ensures perception of the colors of objects remains relatively constant under varying illumination conditions.
Monocular Cues
Visual information taken in by one eye that aids in depth perception and distance estimation.
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