Problem: Paving Company is getting a paver. Machine will cost $240,000 and will last 10 years and will have a $40,000 salvage value at end of 10 years. Machine will generate net cash inflows of $60,000 per year in each of ten years. Discount rate is 18%.
What is the net present value?
A 5840
B 37280
C 48780
D 69640