Use present value table 1 in the appendix to determine the

Reference no: EM13595672

The dean of the School of Natural Science is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 10 percent return on the investment of funds. Estimates of cash inflows from copy machines that have been placed in other university buildings indicate that the copy machine would probably produce incremental cash inflows of approximately $12,500 per year. The machine is expected to have a three-year useful life with a zero salvage value.

Required:
a.Use Present Value Table 1 in the Appendix to determine the maximum amount of cash the dean should be willing to pay for a copy machine. (Round "PV Factor" to 6 decimal places, intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)

Maximum amount $

b.Use Present Value Table 2 in the Appendix to determine the maximum amount of cash the dean should be willing to pay for a copy machine. (Round "PV Factor" to 6 decimal places, intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)

Maximum amount $

Reference no: EM13595672

Questions Cloud

If clean magnesium metal burned in air it would form : if clean magnesium metal burned in air it would form magnesium oxide. suppose the magnesium had a this oxide coating.

In a hydrogen atom the 2s and the 2p orbitals have the : in a hydrogen atom the 2s and the 2p orbitals have the same energy. in a nitrogen atom the energies of 2s and the 2p

If a chalice made of pure gold weighing 06 kg and initially : if a chalice made of pure gold weighing 0.6 kg and initially at 25 c is filled with 150.0 ml of water at 83 c what is

Keillor companys inventory of 1100000 at december 31 2010 : keillor companys inventory of 1100000 at december 31 2010 was based on a physical count of goods priced at cost and

Use present value table 1 in the appendix to determine the : the dean of the school of natural science is trying to decide whether to purchase a copy machine to place in the lobby

A sample of liquid mercury mass 57 g and temperature 1810 c : a sample of liquid mercury mass 57 g and temperature 181.0 c is poured into 80 g of h2o at 15 c. calculate the final

Cyclo equipment rentals was named along with threem : adam and beth formed a corporation called cyclo equipment rentals on december 1st 2011. this new business is an

Given that mercury has a delta hvap of 5911 kjmol and its : given that mercury has a delta hvap of 59.11 kjmol and its normal boiling point is 356.7 degrees c calculate the vapor

When sulfur trioxide gas reacts with water a solution of : when sulfur trioxide gas reacts with water a solution of sulfuric acid forms.express your answer as a balanced chemical

User Account

All Pages