What is the approximate net present value


Taffy Industries is considering purchasing equipment costing $60,000 with a 6-year useful life. The equipment will provide cost savings of $14,600 and will be depreciated straight-line over its useful life with no salvage value. Taffy Industries requires a 10% rate of return.What is the approximate net present value of this investment.

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Accounting Basics: What is the approximate net present value
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