An entrepreneur wants to modernize his plant. The initial cost in non-current assets is estimated $700,000. The modernization would improve the company's yearly profit for the year by $20,000 during the next 20 years. The cost accountant estimated the annual depreciation to be $60,000 and the cost of capital for raising funds to be 10%.
-The minimum amount of investment in non-current assets in order to get a positive net present value is approximately ________________________.

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The Answer of An entrepreneur wants to modernize his plant. The initial cost in non-current assets is estimated $700,000. The modernization would improve the company's yearly profit for the year by $20,000 during the next 20 years. The cost accountant estimated the annual depreciation to be $60,000 and the cost of capital for raising funds to be 10%.
-The minimum amount of investment in non-current assets in order to get a positive net present value is approximately ________________________.

An Entrepreneur Wants to Modernize His Plant