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Assignment
Oakmont Company has an opportunity to manufacture and sell a new product for a four-year period. The company's discount rate is 18%. After careful study, Oakmont estimated the following costs and revenues for the new product:
Cost of equipment needed
260,000
Working capital needed
87,000
Overhaul of the equipment in two years
10,500
Salvage value of the equipment in four years
13,500
Annual revenues and costs:
Sales revenues
430,000
Variable expenses
210,000
Fixed out-of-pocket operating costs
88,000
When the project concludes in four years the working capital will be released for investment elsewhere within the company.
View Exhibit 13B-1 and Exhibit 13B-2, to determine the appropriate discount factor(s) using tables.
https://lectures.mhhe.com/connect/007802563x/exhibit_13b-1.jpghttps://lectures.mhhe.com/connect/007802563x/exhibit_13b-2.jpg
Required:
Calculate the net present value of this investment opportunity.
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