What is the machines net present value round present value


Rayburn Industries is evaluating the investment of $122,300 in a new packing machine that should provide annual cash operating inflows of $30,260 for 5 years. At the end of 5 years, the packing machine will be sold for $4,880. Rayburn's required rate of return is 8%.

What is the machine's net present value? (Round present value factor calculations to 4 decimal places, e.g. 1.2512 and final answer to 0 decimal places e.g. 58,971.)

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