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Present Value of $1 Periods 10196 1296 1496 1690 0. 751 0. 712 0. 641 4 2. 603 2. 621 2.567 0. 519 0. 476 0.507 0. 410 Print DONE Data Table X...

Coyne Corporation is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to purchase equipment. The equipment will have a residual value at the end of its life of $5,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $17,000 per year for each of the six years.​ Coyne's required rate of return is 14​%. The net present value of this project is closest​ to:

homework.png


A.

$2,543.


B.

$54,713.


C.

$36,113.


D.

$38,393.

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Present Value of $1
Periods
10196
1296
1496
1690
0. 751
0. 712
0. 67.5
2. 641
4
2. 603
2. 6.35
0.5.92
0.5.52
2. 621
2.567
0. 519
0. 476
0. 56.4
2.507
0. 4.56
0. 410
Print
DONE
Data Table
X
Present Value of Annuity of 5 1
Periods
1090
129/6
1490
2.487
2.402
2.322
2. 245
4
3. 170
3.037
2.914
2.790
3.791
3.60.5
3.43.3
3. 274
4. 11 1
3.605

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