Cullman Transport Company is considering investing ina truck that is expeected to generate cash inflows of $42,000 per year

Accounting Nov 12, 2020

Cullman Transport Company is considering investing ina truck that is expeected to generate cash inflows of $42,000 per year. The purchase price of the truck is $202,000. The expected life of the truck is 5 years and it has a salvage value of $50,000. Cullman has a required rate of return of 6 percent. Based on this information the net present value of this investment opportunity is (Use the PV OF $1 and PVA of $1 tables( Round intermediate and final answers to the nearest whole dollar)

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