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Bramble Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the present value of the project was $(1800). Annual cost savings were: $16000 for year 1: $12000 for year 2; a $8000 for year 3. The amount of the initial investment was Present Value Year of 1 at 12% 0.893 0.797 0.712 1 2 3 $30624. $27024. $31348. $27748. PV of an Annuity of 1 at 12% 0.893 1.690 2.402

Bramble Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the present value of the project was $(1800). Annual cost savings were: $16000 for year 1: $12000 for year 2; a $8000 for year 3. The amount of the initial investment was Present Value Year of 1 at 12% 0.893 0.797 0.712 1 2 3 $30624. $27024. $31348. $27748. PV of an Annuity of 1 at 12% 0.893 1.690 2.402

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Bramble Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(1800). Annual cost savings were: $16000 for year 1: $12000 for year 2; and $8000 for year 3. The amount of the initial investment was Year 1 3 Present Value of 1 at 12% 0.893 0.797 0.712 $30624. $27024. $31348. O $27748. PV of an Annuity of 1 at 12% 0.893 1.690 2.402 M Qu Mula Qua
Transcribed Image Text:Bramble Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(1800). Annual cost savings were: $16000 for year 1: $12000 for year 2; and $8000 for year 3. The amount of the initial investment was Year 1 3 Present Value of 1 at 12% 0.893 0.797 0.712 $30624. $27024. $31348. O $27748. PV of an Annuity of 1 at 12% 0.893 1.690 2.402 M Qu Mula Qua
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