Palatial Products Inc $\begin{array}{cc}\text { Year }& \text { Annual cash flow }\\\hline1 & \$ 60000 \\2 & \$ 50000 \\3 & \$ 40000 \\4 & \$ 40000\end{array}$

question 70

Essay

Palatial Products Inc.is considering the purchase of a new industrial machine.The estimated cost of the machine is $150 000.The machine is expected to generate annual cash inflows for the next four years as follows:
$\begin{array}{cc}\text { Year }& \text { Annual cash flow }\\\hline1 & \$ 60000 \\2 & \$ 50000 \\3 & \$ 40000 \\4 & \$ 40000\end{array}$

The machine is not expected to have a residual value at the end of its useful life.The company uses a discount rate of 14 per cent.
Required: Compute the net present value of the machine.(Ignore income taxes)

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Definitions:

English Auction

A type of auction in which the price ascends and participants bid openly against one another, with the item going to the highest bidder.

Rational Self-Interest

An economic theory that suggests individuals make decisions based on the best outcome for themselves, taking into account the costs and benefits of each option.

Values

Representations of the importance, worth, or usefulness of something, often guiding decision-making and behavior.

Reservation Price

The highest amount a customer is prepared to spend on a product or service.