Shields company has gathered the following data on a, Ask an Expert

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Shields Company has gathered the following data on a proposed investment project: (Ignore income taxes.)

Investment required in equipment	$540,000
Annual cash inflows	$78,000
Salvage value	$0
Life of the investment	20 years
Discount rate	10%

Click here to view Exhibit 13B-2 to determine the appropriate discount factor(s) using tables.

The net present value on this investment is closest to: (Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950017

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