What is the npv for the equipment

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Question - The Grammar Corporation purchased equipment for $21,000 on January 1, 2022 and estimates that it will increase net cash flows by the following amounts

Year 1 $9,400

Year 2 6,800

Year 3 5,900

At the end of that time the equipment will be worthless. Assuming an interest rate of three percent, what is the NPV for the equipment? Use time value of money factors with at least four decimal places and then round your final answer to the nearest whole dollar.

Reference no: EM133189014

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