Homework Answers
| Maximum price for the equipment = $101,731.78 | ||||
| Statement showing Cash flows | ||||
| Particulars | Time | PVf 10% | Amount | PV |
| Cash flows | 1.00 | 0.9091 | 35,500.00 | 32,272.73 |
| Cash flows | 2.00 | 0.8264 | 39,500.00 | 32,644.63 |
| Cash flows | 3.00 | 0.7513 | 49,000.00 | 36,814.43 |
| PV of Cash flows | 101,731.78 | |||
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