Budgeted fixed overhead, accounting homework help

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


Life of the project (in years)


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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