Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

I am confused about the input on BAII+ calculator as we are learning like this. Can you clarify what should be the inputs and why?

Andy's Fishing Charters is considering the purchase of a new boat costing $60,000. The boat is expected to increase profits by $11,000 per year for each of the next 8 years. After 4 years, the boat will require maintenance of $6,000. After the 8 years, the boat will be sold for $30,000. Calculate the NPV of the boat using a cost of capital of 12%. Round your answer to the nearest dollar.
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Transcribed Image Text:Andy's Fishing Charters is considering the purchase of a new boat costing $60,000. The boat is expected to increase profits by $11,000 per year for each of the next 8 years. After 4 years, the boat will require maintenance of $6,000. After the 8 years, the boat will be sold for $30,000. Calculate the NPV of the boat using a cost of capital of 12%. Round your answer to the nearest dollar.
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