Cleveland Cove Enterprises Is Evaluating the Purchase of an Elaborate

question 153

Multiple Choice

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 total present value of future cash inflows and residual value from the F54 Model?
Present Value of $1
Present Value of Annuity of $1

• A)-$16,776
• B)$272,000
• C)$203,224
• D)$168,000

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