Purchasing a new piece of equipment for your factory


Question: You are considering purchasing a new piece of equipment for your factory. The equipment will cost ?$3 comma 000 and can be used for three years. If you do purchase? it, you will earn ?$1 comma 100 one year from? now, ?$1 comma 210 two years from? now, and ?$1 comma 331 three years from now. The net present value of this investment if the interest rate is 8 percent is ?$enter your response here . ?(Round your response to two decimal places and include a minus sign if necessary.?)

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Accounting Basics: Purchasing a new piece of equipment for your factory
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