The management of Dakota Corporation is considering the purchase of a new machine costing $420,000.The company's desired rate of return is 10%.The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909,0.826,0.751,0.683,and 0.621,respectively.In addition to the foregoing information,use the following data in determining the acceptability of this investment:
The present value index for this investment is

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The management of Dakota Corporation is considering the purchase of a new machine costing $420,000.The company's desired rate of return is 10%.The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909,0.826,0.751,0.683,and 0.621,respectively.In addition to the foregoing information,use the following data in determining the acceptability of this investment: ​
 The present value index for this investment is

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The Answer of The management of Dakota Corporation is considering the purchase of a new machine costing $420,000.The company's desired rate of return is 10%.The present value factors for $1 at compound interest of 10% for 1 through 5 years are 0.909,0.826,0.751,0.683,and 0.621,respectively.In addition to the foregoing information,use the following data in determining the acceptability of this investment: ​
 The present value index for this investment is

The Management of Dakota Corporation Is Considering the Purchase of a New