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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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.