Budgeted fixed overhead, accounting homework help

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Question 29

Beech Company is considering investing in a project based on the following information:

Cost of equipment

$ 50,000

Working capital required

$ 30,000

Salvage value of equipment

$ 0

Annual cash inflows from the project

$ 20,000

Required rate of return

15%

Life of the project (in years)

5

The working capital would be released for use elsewhere at the end of the project. The net present value of the project is:

You must enter your answer in the following format: $x.xxx
 
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