Should the landfill be acquired if bedford desires an 8, Ask an Expert

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

Purchase cost: $450 per acre

Site preparation: $175,000

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

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M919381

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