Managerial Accounting Custom Essay

Burry Inc. has provided the following data to be used in evaluating a proposed investment project:

Initial investment $620,000
Annual cash receipts $552,000
Life of the project 7 years
Annual cash expenses $325,000
Salvage value $60,000
Tax rate 40%

For tax purposes, the entire initial investment without any reduction for salvage value will be depreciated over 4 years. The company uses a discount rate of 12%.
Click here to view Exhibit 13B-1 and Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.
The net present value of the project is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answer to the nearest dollar amount.)
See attached images if needed.

Place an order with us. Our skilled and experienced writers will deliver a custom paper which is not plagiarized within the deadline which you will specify.

Note; 6 Hours urgent orders deliver also available.
If you need more clarifications contact our support staff via the live chat for immediate response. Use the order calculator below and get ordering with now!