Systems is a manufacturer of vertical compactors

Reference no: EM13685415

V-Tek Systems is a manufacturer of vertical compactors, and it is examining its cash flow requirements for the next five years. The company expects to replace office machines and computer equipment at various times over the 5-year planning period. Specifically, the company expects to spend $9000 two years from now, $8000 three years from now, and $5000 five years from now. What is the present worth of the planned expenditures at an interest rate of 10 percent per year?

Reference no: EM13685415

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