Cleaners, Inc

question 53

Multiple Choice

Cleaners, Inc.is considering purchasing equipment costing $30,000 with a 6-year useful life.The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value.Cleaners, Inc.requires a 10% rate of return.What is the approximate net present value of this investment?

• A)$13,800
• B)$1,792
• C)$886
• D)$2,748

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Definitions:

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