Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large I beams. PCP expects to bend 90 beams at $1,800 per beam in each of the first 3 years, after which it expects to bend 100 beams per year at $3,000 per beam through year If the company's minimum attractive rate of return is 14% per year, what is the present worth of the expected revenue? The present worth of the expected revenue is $

Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large I beams. PCP expects to bend 90 beams at $1,800 per beam in each of the first 3 years, after which it expects to bend 100 beams per year at $3,000 per beam through year If the company's minimum attractive rate of return is 14% per year, what is the present worth of the expected revenue? The present worth of the expected revenue is $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: (Reading) Many local government officials see immigration detention as good for the local economy.…

A: In this case, topic of immigration is discussed here. Actually many people think that immigration is…

Q: Question 1/ Assume that Michael and Mason can switch between producing reports and producing…

A: Opportunity cost is the next best alternative.Opportunity cost shows the forgone units of one good…

Q: Assignment: Topic: 1.Four great invention in ancient china 2. Four new invention in china…

A: Delves into the rich tapestry of Chinese culture, exploring four distinct areas: ancient inventions,…

Q: Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care…

A: The objective of the question is to identify which of the given scenarios is an example of Economies…

Q: 11) Steve's paper factory is polluting a local river and the following information is provided on…

A: The pollution permits are the allowances given by the government to the producers in the industry…

Q: Leasing a car might be a good option for someone who O wants to customize their car O drives a lot…

A: Leasing a car means getting a car on rent.

Q: None

A: The table shows the quantity of output corresponding to different units of labor. For 3 units of…

Q: 5. (Table: Cakes) Use Table: Cakes. Pat is opening a bakery to make and sell special birthday cakes.…

A: The costs for buying mixers is provided below:Number of mixersFixed CostAverage Variable…

Q: the ATC of eight 4 qt pas of ice cream is $80 and the AFC of eight pails is 125, the AVC of eight…

A: Here, given information is, Average total cost (ATC): $80 Average fixed cost (AFC): $25 To find:…

Q: Riley has $6 to spend on ramen and apps for their phone. The price of a bowl of ramen is $2, and the…

A: Note: Since you have posted a question with multiple sub-parts, we will provide the solution only to…

Q: PQ7.2(a) Case: Average Revenue Demand Curve (AR): P=120 -0.02Q Weekly Production (Q) Price (P)…

A: The demand curve represents the quantity demanded by consumers at different price levels. Total…

Q: The cost of Next best alternative forgone is called

A: In economics, the cost are categories in two term, one is explicit cost and second is implicit cost

Q: Why might it be useful to place values (i.e., "price") on our environmental and natural resources?…

A: The economy is the study of the economy which includes the study related to production, consumption,…

Q: Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment…

A: Many factors like legal, economic, political, and cultural factors can affect the business condition…

Q: (a) The table below shows the relationship between number of workers hired and output. Total Labour…

A: Given: Relationship between output and workers To find: Values in table

Q: Corm is producing a quantity of 20 units. The market price is $17. The firm's varable cos oced cost…

A: Total revenue is the revenue of a firm through their total sale of goods and services. It can be…

Q: Question: Which of the following best describes the concept of opportunity cost in economics? A) The…

A: It refers to the value of resources that are used or given up to produce services and items.Explicit…

Q: decision making to those in

A: Business decision making depends on the rule that individuals settle on judicious decisions with the…

Q: In which century did Economics become a science? a) 18 B) 19 C) 17 D) 16 TO) 20

A: Economics has a significant history due to which there is an evolution in the study of economics due…

Question

Q.4.

Subject :- Economic

Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large I beams. PCP expects to bend 90 beams at
$1,800 per beam in each of the first 3 years, after which it expects to bend 100 beams per year at $3,000 per beam through year 11.
If the company's minimum attractive rate of return is 14% per year, what is the present worth of the expected revenue?
The present worth of the expected revenue is $

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Solution

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

FINAL - Social Studies This question refers to the following graph below. Infant Deaths per 1,000 Live Births Germany South Africa Russia Brazil U.S.A World Infant Mortality Rates for 1999 5.14 OB. U.S.A. O C. Russia 6.33 O A. South Africa O D. Germany O E. Brazil 20 23 30 35.37 National Center for Health Statistics, U.S. Department of Health and Human Services 40 Which country had the lowest infant mortality rate in 1999? 50 51
None
11- One research is being conducted about how gold prices change due to the changing preferences of individual consumers. Research such as these belong to the study of ______________. a. International economics b. Microeconomics c. Macroeconomics d. Public economics
1. Individual Problems 1-11 The owners of a small manufacturing concern have hired a vice president to run the company with the expectation that he will buy the company after five years. For the first $150,000 of profit, the vice president's compensation is a flat annual salary of $50,000 plus 50% of company profits. Beyond the first $150,000 in profits, the vice president's compensation is the salary he receives at $150,000 profit plus 20% of company profits in excess of $150,000. On the following graph, use the purple points (diamond symbols) to plot the vice president's salary as a function of annual profit, for the profits levels of $0, $50,000, $100,000, $150,000, $200,000, $250,000, and $300,000. MANAGER SALARY (Thousands of dollars) 250 725 200 175 110 125 100 Total VP Salary
1. What is the importance of Economics in decision making to those in business sector? Explain briefly Thank you for answering:)
3. Mercantilism Mercantilism is an economic system which developed after manorialism (from the 15th to the 18th centuries – time period) and is associated with colonial types of government. Some countries that practiced mercantilism included Great Britain, Portugal and Spain (society). Mercantilism is when a country believes that the more wealth it stores up, the greater their government should be. So, mercantilist countries build up their nation's wealth by exporting (selling) more goods than they import (buy from other countries). Countries needed to find places to sell their goods as well as to find places where to get natural resources. For this reason, they found and conquered colonies. Colonies supplied their Mother countries with the raw materials that were used to produce finished goods and then send those goods back to their colonies. Generally, merchants controlled what resources were to be produced and how they were to be used, sold or traded. However, monarchs (kings or…