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Holderness Inc. has provided the following data concerning a proposed investment project: (Ignore income taxes.
Holderness Inc. has provided the following data concerning a proposed investment project: (Ignore income taxes.)
Initial investment$200,000 Life of the project 8 years Annual net cash inflows$37,000 Salvage value$27,000
The company uses a discount rate of 8%.
Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determine the appropriate discount factor(s) using tables.
Required:Compute the net present value of the project. (Negative amount should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)
Net Present value: ???
