The management of River Corporation is considering the purchase of a new machine costing $380,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for five years is 4.212. In addition to the foregoing information, use the following data in determining the acceptability of this investment:
-The net present value for this investment is
Definitions:
Confidence interval
A gamut of numbers, produced from sample statistics, believed to enfold the covert value of a population parameter.
Sample standard deviation
A statistic that measures the dispersion of a dataset relative to its mean and is calculated as the square root of the variance.
True average age
The actual mean age of all individuals in a specified group or population.
Defective parts
Components or units that fail to meet the quality standards or specifications.
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