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Quinn Industries is considering the purchase of a machine that would cost $420,000 and would last for 9 years. At the end of 9 years, the machine...
Quinn Industries is considering the purchase of a machine that would cost $420,000 and would last for 9 years. At the end of 9 years, the machine would have a salvage value of $95,000. The machine would reduce labor and other costs by $73,000 per year. The company requires a minimum pretax return of 12% on all investment projects. (Ignore income taxes.)
Required:Provide your Excel input and the final net present value amount you calculated. (If a variable is not used in the calculation, input a zero (0). Omit the "$" and "%" signs in your response.) Round your answer to the nearest dollar and use a minus sign for negative numbers.
Excel input:
Rate
% Nper
PMT
$ PV
$ FV$ Net Present Value (NPV)$
Required:Input the required variables and the computed internal rate of return. (If a variable is not used in the calculation, input a zero (0). Omit the "$" and "%" signs in your response.) Round your answer to one decimal place and use a minus sign for negative numbers.
Excel input:
Rate
%
Nper
PMT$
PV$
FV$
Internal Rate of Return (IRR) %
