* Your answer is incorrect. Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $65500 for 15 years and to have a resale value of $125500 at the end of that period. Assume a 9% rate and earnings at year end. The present value of 1 at 9% for 15 periods is 0.27454. The present value of an ordinary annuity at 9% for 15 periods is 8.06069. The future value of 1 at 9% for 15 periods is 3.64248. $562430 $664417 $527975 $1077970

* Your answer is incorrect. Find the present value of an investment in plant and equipment if it is expected to provide annual earnings of $65500 for 15 years and to have a resale value of $125500 at the end of that period. Assume a 9% rate and earnings at year end. The present value of 1 at 9% for 15 periods is 0.27454. The present value of an ordinary annuity at 9% for 15 periods is 8.06069. The future value of 1 at 9% for 15 periods is 3.64248. $562430 $664417 $527975 $1077970

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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