Print ItemJulio Company is considering the purchase of a new bubble packaging machine. If the machine will provide $24,000 annual savings for 12 years and can be sold for$52,000 at the end of the period, what is the present value of the machine investment at a 8% interest rate with savings realized at year end? Round your presentvalue factor to three decimal places and final answer to the nearest dollar.(Click here to see present value and future value tables)XFeedbackV Check My WorkWhen determining the present value of the machine, consider that there are two different cash flows (which require factors from two different tables). Rate (i)1%2%3%5%8%10%12%15%20%10.9900.9800.9710.9520.9260.9090.8930.8700.83320.9800.9610.9430.9070.8570.8260.7970.7560.69430.9710.9420.9150.8640.7940.7510.7120.6580.57940.9610.9240.8880.8230.7350.6830.6360.5720.4820.9520.9060.8630.7840.6810.6210.5670.4970.4020.9420.8880.8370.7460.6300.5640.5070.4320.33570.9330.8710.8130.7110.5830.5130.4520.3760.27980.9240.8530.7890.6770.5400.4670.4040.3270.2339.0.9140.8370.7660.6450.5000.4240.3610.2840.194100.9050.8200.7440.6140.4630.3860.3220.2470.162110.8960.8040.7220.5850.4290.3500.2870.2150.135120.8880.7880.7010.5570.3970.3190.2570.1870.112130.8790.7730.6810.5300.3680.2900.2290.1630.093140.8610.7580.6610.5050.3400.2630.2050.1410.078150.8610.7430.6420.4810.3150.2390.1830.1230.065160.8530.7280.6230.4580.2920.2180.1630.1070.054170.8440.7140.6050.4360.2700.1980.1460.0930.045180.8360.7000.5870.4160.2500.1800.1300.0810.038190.8280.6860.5700.3960.2320.1640.1160.0700.031200.8200.6730.5540.3770.2150.1490.1040.0610.026Present Value of $1 Table.(u) poļuad

Present value of the machine investment is the sum of present value of annuity cash flows and…

Julio Company is considering the purchase of a new bubble packaging machine. If the machine will provide $24,000 annual savings for 12 years and can be sold for $52,000 at the end of the period, what is the present value of the machine investment at a 8% interest rate with savings realized at year end? Round your present value factor to three decimal places and final answer to the nearest dollar. (Click here to see present value and future value tables)

Julio Company is considering the purchase of a new bubble packaging machine. If the machine will provide $24,000 annual savings for 12 years and can be sold for $52,000 at the end of the period, what is the present value of the machine investment at a 8% interest rate with savings realized at year end? Round your present value factor to three decimal places and final answer to the nearest dollar. (Click here to see present value and future value tables)

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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