Dylan purchased two trucks for his warehouse for a total of $54,000. This investment saved him $14,000 every year for 9 years. At the end of year 9, he sells both the trucks for a total of $8,500. A. What is the Net Present Value (NPV) of the investment if the required rate of return is 7%?  B. Does the investment meet the required rate of return? Yes No Kindly use all the decimals DO NOT ROUND

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
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Chapter5: The Time Value Of Money
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Dylan purchased two trucks for his warehouse for a total of $54,000. This investment saved him $14,000 every year for 9 years. At the end of year 9, he sells both the trucks for a total of $8,500.

A. What is the Net Present Value (NPV) of the investment if the required rate of return is 7%?

 B. Does the investment meet the required rate of return?
Yes
No

Kindly use all the decimals DO NOT ROUND 

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