(Ignore income taxes in this problem. )A piece of new equipment will cost $70,000.The equipment will provide a cost savings of $15,000 per year for ten years,after which it will have a $3,000 salvage value.If the required rate of return is 14%,the equipment's net present value is:
A)$8,240
B)$(8,240)
C)$23,888
D)$9,050

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The Answer of (Ignore income taxes in this problem. )A piece of new equipment will cost $70,000.The equipment will provide a cost savings of $15,000 per year for ten years,after which it will have a $3,000 salvage value.If the required rate of return is 14%,the equipment's net present value is:
A)$8,240
B)$(8,240)
C)$23,888
D)$9,050

(Ignore Income Taxes in This Problem