Compute the net present value and profitability index

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Reference no: EM131565055

Problem -

Brooks Clinic ls considering investing in new heart-monitoring equipment. It has two options. Option A would have an initial lower cost but would require a significant expenditure for rebuilding after 4 years. Option B would require no rebuilding expenditure, but its maintenance costs would be higher. Since the Option B machine is of initial higher quality, it is expected to have a salvage value at the end of its useful life. The following estimates were made of the cash flows. The company's cost of capital is 6%.

 

Option A

Option B

Initial cost

$181,000

$283,000

Annual cash inflows

$73,000

$82,400

Annual cash outflows

$30,200

$25,100

Cost to rebuild (end of year 4)

$48,000

$0

Salvage Value

$0

$8,300

Estimated useful life

7 years

7 years

Compute the (1) net present value, (2) profitability Index, and (3) internal rate of return for each option. (Hint: To solve for internal rate of return, experiment with alternative discount rates to arrive at a net present value of zero.)

Reference no: EM131565055

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