Cupid chocolates bought a candy making machine that had an, Financial Management

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Cupid chocolates bought a candy making machine that had an

Cupid Chocolates bought a candy making machine that had an initial cost of $83760. It has a salvage value of $11164. Its operating costs are $5058 per year. It is saving the company $1245 per year because it is more efficient. The company anticipates it will replace the machine at the end of 6 years. What is the present worth of the machine? Use an interest rate of 4% compounded annually.

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Financial Management: Cupid chocolates bought a candy making machine that had an

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