Microeconomics (MindTap Course List)
10th Edition
ISBN: 9781285859484
Author: William Boyes, Michael Melvin
Publisher: Cengage Learning
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Chapter 20, Problem 7E
To determine
To find:
The international
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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!
Chapter 20 Solutions
Microeconomics (MindTap Course List)
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