Academic Integrity: tutoring, explanations, and feedback — we don’t complete graded work or submit on a student’s behalf.

Y MARCH 28 2018 1. Leslie Kitchens has been asked by the president of her compan

ID: 2555900 • Letter: Y

Question

Y MARCH 28 2018 1. Leslie Kitchens has been asked by the president of her company to evaluate an investment project cash flow using the present worth analysis in hopes to meet the company's MARR of 15%. The initial investment is $1.8 million and at the end of year 1 there is an inflow of $454,000, year 2 is $681,000, year 3 through 6 is $908,000 and year 7 is $1,268,000. is this investment acceptable? (10pts). 2. In 2008 Depas Engineering offered to buyout Garver LLC for 50 million. Depas Engineering affered 350 million down and the remaining balance at the end of 2009. Their salary payments

Explanation / Answer

Year           Cash Inflows          Present value factor @15%     Discounted cash flows

1                $454,000                    0.869565                                  $394,782.6

2                $681,000                    0.756144                                  $514,933.8

3                $908,000                    0.657516                                  $597,024.7

4                $908,000                    0.571753                                  $519,151.9

5                $908,000                    0.497177                                  $451,436.5

6                $908,000                    0.432328                                  $392,553.5

7             $1,268,000                    0.375937                                  $476,688.2

            _____________                                                               ____________

             $6,035,000                                                                    $3,346,571

Present Value of total cash flows @15% will be $3,346,571 which is more than Intitial investment of $1,800,000.

Hence this investment is acceptable.