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Lichty Car Wash has some equipment that needs to be rebuilt or replaced. The following information has been gathered concerning this decision: Present Equipment New Equipment Purchase cost new $52,000 $49,000 Remaining book value $20,400 Cost to rebuild now $20,400 Major maintenance at the end of 3 years $5,200 $3,200 Annual cash operating costs $10,000 $7,600 Salvage value in 6 years $2,400 $7,200 Salvage value now $9,600 Lichty uses the total-cost approach and a discount rate of 9% in making capital budgeting decisions. Regardless of which option is chosen, rebuild or replace, at the end of six years Mr. Lichty plans to close the car wash and retire. If the new equipment is purchased, the present value of the annual cash operating costs associated with this alternative is: (Round your 'PV factors' to three decimal places. Round your other intermediate calculations and final answer to the nearest whole dollar.)
For most firms, the function of indicating credit approval is recorded on the:
FTC company has been growing at a rate of 20% per year in recent years. The same growth is expected to last for another 2 years. The current dividend (ie: just paid is 1.60 the required rate of return is 10% and the growth after 2 years is expecte..
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Stockton Corporation purchased equipment for $32,000. Stockton also paid $400 for freight and insurance while the equipment was in transit. Sales tax amounted to $240. Insurance, taxes, and maintenance the first year of use cost $1,000. How much s..
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