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Walen Co. has intends to purchase a new forklift for $83,000.00 cash. It expects annual net operating cash flows of $14,300 per year for 8 years, and a salvage value at the end of 8 years of $8,600. Walen uses a 8% discount rate. What is the net present value of the investment? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g., 52.75).) Click here to view the factor table. Net present value of investment $

Walen Co. has intends to purchase a new forklift for $83,000.00 cash. It expects annual net operating cash flows of $14,300 per year for 8 years, and a salvage value at the end of 8 years of $8,600. Walen uses a 8% discount rate. What is the net present value of the investment? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g., 52.75).) Click here to view the factor table. Net present value of investment $

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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Walen Co. has intends to purchase a new forklift for $83,000.00 cash. It expects annual net operating cash flows of $14,300 per year for 8 years, and a salvage value at the end of 8 years of $8,600. Walen uses a 8% discount rate. What is the net present value of the investment? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g., 52.75).) Click here to view the factor table. Net present value of investment $
Transcribed Image Text:Walen Co. has intends to purchase a new forklift for $83,000.00 cash. It expects annual net operating cash flows of $14,300 per year for 8 years, and a salvage value at the end of 8 years of $8,600. Walen uses a 8% discount rate. What is the net present value of the investment? (For calculation purposes, use five decimal places as displayed in the factor table provided. Round your answer to two decimal places (e.g., 52.75).) Click here to view the factor table. Net present value of investment $
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