Kim johnson purchased an asset for 75500 annual operating, Ask an Expert

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Kim Johnson purchased an asset for $75,500. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the asset life, Kim will not be able to sell the asset because it will have no salvage value.

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What is the net present value if the cost of capital is 12 percent (ignore income taxes)? If required, round to the nearest whole dollar.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9972990

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