(Appendix 8C)Milliner Corporation has provided the following information concerning a capital budgeting project: The company uses straight-line depreciation on all equipment;the annual depreciation expense will be $60, 000.Assume cash flows occur at the end of the year except for the initial investments.The company takes income taxes into account in its capital budgeting. The net present value of the project is closest to:
A)$112, 824
B)$352, 824
C)$193, 380
D)$175, 500

Question

(Appendix 8C)Milliner Corporation has provided the following information concerning a capital budgeting project:  The company uses straight-line depreciation on all equipment;the annual depreciation expense will be $60, 000.Assume cash flows occur at the end of the year except for the initial investments.The company takes income taxes into account in its capital budgeting. The net present value of the project is closest to:
A)$112, 824 
B)$352, 824 
C)$193, 380 
D)$175, 500

Quizplus · Accepted Answer

The Answer of (Appendix 8C)Milliner Corporation has provided the following information concerning a capital budgeting project:  The company uses straight-line depreciation on all equipment;the annual depreciation expense will be $60, 000.Assume cash flows occur at the end of the year except for the initial investments.The company takes income taxes into account in its capital budgeting. The net present value of the project is closest to:
A)$112, 824 
B)$352, 824 
C)$193, 380 
D)$175, 500

(Appendix 8C)Milliner Corporation Has Provided the Following Information Concerning a Capital