Homework Answers
Answer:
a.
the present value of $1 is 0.92593 in year 1, 0.85734 in year 2 and 0.79383 in year 3.
the total income value is= 2.5771*25000= $64427.5
he can invest to purchase the machine with an amount of $64427.5
b.
The PVA of $1 (8%,3) = 2.5771
Maximum amount is 2.5771*25000 = $64427.5
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