Nullabor Park Department is considering buying a new grass mowing machine.The cost of the machine will be $150 000 and will provide annual cost savings of $40 000.The machine will have a five-year life,at which time the terminal disposal value is expected to be $20 000.Nullabor Park Department is assuming no tax consequences.If Nullabor Park Department has a required rate of return of 10%,which of the following is closest to the present value of the project?

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The Answer of Nullabor Park Department is considering buying a new grass mowing machine.The cost of the machine will be $150 000 and will provide annual cost savings of $40 000.The machine will have a five-year life,at which time the terminal disposal value is expected to be $20 000.Nullabor Park Department is assuming no tax consequences.If Nullabor Park Department has a required rate of return of 10%,which of the following is closest to the present value of the project?

Nullabor Park Department Is Considering Buying a New Grass Mowing