Answered You can hire a professional tutor to get the answer.
Hi. Could you please help me these questions?
Hi. Could you please help me these questions? Thanks
Question 1
Trevor purchased two trucks for his warehouse for a total of $68,000. This investment saved him $15,500 in truck rental charges every year (from the 1st year), for 10 years. At the end of year 10, he sells both the trucks for a total of $14,000.
a. What is the Net Present Value (NPV) of the investment if the required rate of return is 8%?
Round to the nearest cent
b. Does the investment meet the required rate of return? Yes or No?
Question 2
a.
Round to the nearest cent
b. Is the investment option feasible? yes or no?