Quinn Industries is considering the purchase of a machine that would cost $420,000 and would last for 9 years. At the end of 9 years, the machine…

Quinn Industries is considering the purchase of a machine that would cost $420,000 and would last for 9 years. At the end of 9 years, the machine would have a salvage value of $95,000. The machine would reduce labor and other costs by $73,000 per year. The company requires a minimum pretax return of 12% on all investment projects. (Ignore income taxes.)

    Required:Provide your Excel input and the final net present value amount you calculated.  (If a variable is not used in the calculation, input a zero (0). Omit the “$” and “%” signs in your response.) Round your answer to the nearest dollar and use a minus sign for negative numbers.

Excel input:

 Rate

  %   Nper

    PMT

$     PV

$     FV$     Net Present Value (NPV)$    

Required:Input the required variables and the computed internal rate of return.  (If a variable is not used in the calculation, input a zero (0). Omit the “$” and “%” signs in your response.) Round your answer to one decimal place and use a minus sign for negative numbers.

Excel input:

Rate

 % 

  Nper

  PMT$   

  PV$   

  FV$   

 Internal Rate of Return (IRR)    % 

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Quinn Industries is considering the purchase of a machine that would cost $420,000 and would last for 9 years. At the end of 9 years, the machine… was first posted on May 10, 2022 at 7:21 am.
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