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