Paramount Moving Company is considering purchasing new equipment costing $700,000.The company's management has estimated that the equipment will generate cash flows as follows: The company's required rate of return is 10%.Using the factors in the table below,calculate the present value of the cash inflows.Present value of $1:

Question

Paramount Moving Company is considering purchasing new equipment costing $700,000.The company's management has estimated that the equipment will generate cash flows as follows:

The company's required rate of return is 10%.Using the factors in the table below,calculate the present value of the cash inflows.Present value of $1:
Paramount Moving Company is considering purchasing new equipment costing $700,000.The company's management has estimated that the equipment will generate cash flows as follows: The company's required rate of return is 10%.Using the factors in the table below,calculate the present value of the cash inflows.Present value of $1: A) $765,000 B) $768,921 C) $798,650 D) $780,000

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Paramount Moving Company Is Considering Purchasing New Equipment Costing $700,000