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viva902 viva902
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10 months ago

Cooney Incorporated has provided the following data concerning a proposed investment project (Ignore income taxes.):

Initial investment$ 160,000
Life of the project 4 years
Annual net cash inflows$ 70,000
Salvage value$ 16,000

The company uses a discount rate of 17%.

Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using the tables provided.

Required:

Compute the net present value of the project.

Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
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lewmyrlewmyr
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viva902 Author
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10 months ago
You make an excellent tutor!
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I appreciate what you did here, answered it right Smiling Face with Open Mouth
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This helped my grade so much Perfect
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