Business, 27.03.2020 00:57 CassidgTab

Stratford Company purchased a machine with an estimated useful life of seven years. The machine will generate cash inflows of $90,000 each year over the next seven years. If the machine has no salvage value at the end of seven years, and assuming the company's discount rate is 10%, what is the purchase price of the machine if the net present value of the investment is $170,000

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Stratford Company purchased a machine with an estimated useful life of seven years. The machine will...

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