Rayburn Industries is evaluating the investment of $138,800 in a new packing machine that should provide annual cash operating inflows of $29,760 for 6 years. At the end of 6 years, the packing machine will be sold for $4,770. Rayburn's required rate of return is 8%.
What is the Net Present Value?
This is a two part question. 2nd part will be revealed after the 1st question is answered.