A company expects the material cost of a certain manufacturing operation to be $20,000 per year. At an interest rate of 8% per year, the present worth of this cost over a five year project period is closest to: Answers: $56,220 $29,386 $117,332 $79,854

A company expects the material cost of a certain manufacturing operation to be $20,000 per year. At an interest rate of 8% per year, the present worth of this cost over a five year project period is closest to: Answers: $56,220 $29,386 $117,332 $79,854

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter9: Capital Budgeting Techniques

Section: Chapter Questions

Problem 12PROB

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