John Owns a Golf Course and Wants to Add Some

question 144

Short Answer

John owns a golf course and wants to add some computers to the lounge.The computers would cost $14,000 and would have a 3 year life and no residual value.John expects the computers to generate $5,000 annual cash inflows for 3 years.The discount rate is 8%.What is the net present value of the investment?

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