Principles of Microeconomics (12th Edition)
12th Edition
ISBN: 9780134078816
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 2, Problem 1.12P
To determine
The reason for the popularity of the game.
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Evaluate machine XYZ when MARR is 12% per year. Pertinent data are as follows:
Machine XYZ
Investment cost
Expected life
Market (salvage) value
Annual revenue
Annual expenses
$10,000
5 years
$1,000
$8,000
$4,000
How much is the excess of the cash flow using the Annual Worth Method? Blank 1
Calculate the External Rate of Return. Blank 2
Compute the payback period of the investment. Blank 3
Would you recommend this investment? Explain briefly. Blank 4
Please make sure to answer each step and show work. Thank you!
Please make sure to answer each step and show work. Thank you!
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Principles of Microeconomics (12th Edition)
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