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Homework answers / question archive / Hopwood Corporation bought a piece of machinery

Hopwood Corporation bought a piece of machinery

Finance

Hopwood Corporation bought a piece of machinery. Selected data is presented below:

Useful life

6  years

Yearly net cash inflow

$45,000

Salvage value

 0 -

Internal rate of return

18 %

Cost of capital

14 %

Present value tables or a financial calculator are required.

The initial cost of the machinery was

a. $157,392.

    1. $174,992.
    2. $165,812.
    3. impossible to determine from the information given.

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