FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Swifty Company is considering two capital investment proposals. Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value 5 Project Soup $220000 6 18000 66000 Ⓒ9%. 11%. O 12%. O 10%. 5 years Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 0 Project Nuts $420000 46000 The company requires a 10% rate of return on all new investments. 102000 6 years 0 The internal rate of return for Project Nuts is approximately
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Transcribed Image Text:Swifty Company is considering two capital investment proposals. Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value 5 Project Soup $220000 6 18000 66000 Ⓒ9%. 11%. O 12%. O 10%. 5 years Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 0 Project Nuts $420000 46000 The company requires a 10% rate of return on all new investments. 102000 6 years 0 The internal rate of return for Project Nuts is approximately
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