(Present Value Tables Are Needed

question 171

Multiple Choice

(Present value tables are needed. ) Cleveland Cove Enterprises is evaluating the purchase of an elaborate hydraulic lift system for all of its locations to use for the boats brought in for repair.The company has narrowed their choices down to two: the B14 Model and the F54 Model.Financial data about the two choices follows.

What is the net present value of the F54 Model?

• A)$15,260 positive
• B)$48,605 negative
• C)$191,395 positive
• D)$156,395 positive

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Definitions:

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a requirement that a person seeking to take out insurance has a legitimate interest in safeguarding the insured object against loss or damage.

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