Byron Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $110,000. The equipment will have an initial cost of $498,000 and have a 5 year life. The salvage value of the equipment is estimated to be $77,000. If the hurdle rate is 10%, what is the approximate net present value

George wants to collect funds to open his own bakery from his family.  he needs an accurate estimate of how much money he would require to run the bakery for at least six months.  he has to buy a shop  (costing $3,500)  and buy an oven  (costing $600).  his  start-up  costs, including various utility costs, would be  $300.  he has calculated his monthly expenses as  $250.  how much money would george require to start his business and run it for at least six months? a.  $3500b.  $5,900c.  $7,200d.  $7,400e.  $8,200its not c.7200 tried it