could you give a correct answer because this is will be the lastchance for me to do this Quiz
1
(Ignore income taxes in this problem.) Buy-Rite Pharmacy haspurchased a small auto for delivering prescriptions. The auto waspurchased for $29,000 and will have a 6-year useful life and a$4,100 salvage value. Delivering prescriptions (which the pharmacyhas never done before) should increase gross revenues by at least$32,100 per year. The cost of these prescriptions to the pharmacywill be about $25,200 per year. The pharmacy depreciates all assetsusing the straight-line method. The payback period for the auto isclosest to:
4.8 years
3.6 years
4.2 years
3.2 years
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2
The management of Urbine Corporation is considering the purchaseof a machine that would cost $310,000 would last for 5 years, andwould have no salvage value. The machine would reduce labor andother costs by $74,000 per year. The company requires a minimumpretax return of 12% on all investment projects. (Ignore incometaxes in this problem.)
Click here to view Exhibit 11B-1 and Exhibit 11B-2, to determinethe appropriate discount factor(s) using tables.
The net present value of the proposed project is closest to:(Round discount factor(s) to 3 decimal places, intermediateand final answers to the nearest dollar amount.)
−$65,910
−$3,230
−$20,550
−$43,230
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