Cottrell inc is investigating an investment in equipment

Reference no: EM13609716

Cottrell, Inc., is investigating an investment in equipment that would have a useful life of 9 years. The company uses a discount rate of 15% in its capital budgeting. The net present value of the investment, excluding the salvage value, is ?$230,392. To the nearest whole dollar how large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive?

Reference no: EM13609716

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