A.should the landfill be acquired if bedford desires an 8, Ask an Expert

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Straightforward net present value and internal rate of return

The City of Bedford is studying a 600-acre site on Route 356 for a new landfill. The startup cost has been find outd as follows:

Purchase cost: $450 per acre
Site preparation: $175,000

The site can be used for 20 years before it reaches capacity. Bedford, which shares a facility in Bath Township with other municipalities, estimates that the new location will save $40,000 in annual operating costs.

a. Should the landfill be acquired if Bedford desires an 8% return on its investment? Use the net-present-value method to determine your answer.

b. Compute the internal rate of return on this project.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M949815

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