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
An equipment costing ₱900,000, with a residual value of ₱90,000 at its useful life of five years, is expected to bring the following net cash inflows: Year 1₱450,000; Year 2 ₱350,000; Year 3 ₱350,000; Year 4 ₱250,000; Year 5 ₱150,000. The company uses a 12% discount rate. The net present value would be?
₱ 188,806 ₱ 324,989 ₱ 212,550
₱ 299,250 ₱ 126,700 ₱ 258,684
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