Business, 19.05.2020 15:05 alysiareyes
Richman Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(900). Annual cost savings were: $10,000 for year 1; $8,000 for year 2; and $6,000 for year 3.
The amount of the initial investment was
a.
$18,316.
b.
$20,116.
c.
$20,478.
d.
$18,678.
Answers: 3
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Richman Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and...
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