Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
For the alternatives shown, determine the sum of the cash flows in the Z-X difference column.
![System X System Z
First cost, $
-40,000
-95,000
Annual operating cost, $/year
-12,000
-5,000
Salvage value, $
Life, years
6,000
14,000
3
6.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F579d69da-7925-42c8-984d-9daa8ad9910c%2F64ea61b5-7a6e-4742-8d38-049771be7666%2F7nb7cvm.png&w=3840&q=75)
Transcribed Image Text:System X System Z
First cost, $
-40,000
-95,000
Annual operating cost, $/year
-12,000
-5,000
Salvage value, $
Life, years
6,000
14,000
3
6.
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