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Category > Accounting Posted 29 May 2017 My Price 5.00

### The plant has accumulated savings of \$80,000 to acquire a new machine

The plant has accumulated savings of \$80,000 to acquire a new machine for the Manufacture Department. The new machine costs \$80,000. The Straight line depreciation method is used buy this plant in all its equipments. The income tax rate is 0.35. The new equipment will save \$35,000 each year and its economic life is 5 years. The salvage value is \$10,000. Does the acquisition of this new machine satisfy the 8% minimum rate? Compute the present worth after tax cash flow.

a. -\$18,693

b. -\$80,000

c.\$66,550

d. \$37,204