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Suppose that, for a certain potential investment project, the optimistic, most l

ID: 1203249 • Letter: S

Question

Suppose that, for a certain potential investment project, the optimistic, most likely, and pessimistic estimates are shown in accompanying table.

Optimistic

Most likely

Pessimistic

Capitalinvestment

$90,000

  $100,000

$120,000

Useful life

12 years

10 years

6 years

Market value

$30,000

$20,000

$0

Net annual cash flow

$35,000

$30,000

$20,000

MARR (peryear)

10%

  10%

10%

a. Assuming all other factors to be at their most likely values, what is the AW of the combination of Pessimistic Useful life and Most likely Net annual cash flow?

Optimistic

Most likely

Pessimistic

Capitalinvestment

$90,000

  $100,000

$120,000

Useful life

12 years

10 years

6 years

Market value

$30,000

$20,000

$0

Net annual cash flow

$35,000

$30,000

$20,000

MARR (peryear)

10%

  10%

10%

Explanation / Answer

Answer:

Annual Worth (AW):

AWO      = 90,000(A/P, 10%, 12) + 30,000(A/F, 10%, 12) + 35,000

                = 12,600 + 1,380 + 35,000             

                = $48,980

AWML    = 100,000(A/P, 10%, 10) + 20,000(A/F, 10%, 10) + 30,000                

                = 15,000 + 1,200 + 30,000             

               = $46,200

AWP       = 120,000(A/P, 10%, 6) + 20,000

                = 26,400 + 20,000

                = $46,400

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