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- The cost of updating an outdated production process is expected to be $81,000 four years from now. The equivalent present worth of the update at 6% per year interest is closest to: (a) $51,230 (b) $55,160 (c) $60,320 (d) $64,160Midize Flower Company provides flowers and other nursery products for decorative purposes in medium to large sized restaurants and businesses. The company has been investigating the purchase of a new specially equipped van for deliveries. The van will cost $61,392 with a(n) eight−year life. The expected additional cash inflows are $16,000 per year. What is the internal rate of return?A company that utilizes carbon fiber 3-D printing wants to have money available 2 years from now to add new equipment. The company currently has $650,000 in a capital account and it plans to deposit $200,000 now and another $200,000 one year from now. The total amount available in 2 years, provided it returns a compounded rate of 15% per year, is closest to: (a) $1,354,100 (b) $1,324,100 (c) $1,125,125 (d ) $1,050,000
- An engineer who believes in “save now; play later” wants to retire in 30 years with $2.0 million. At 8% per year interest, the amount the engineer will have to invest each year (starting in year 1) to reach the $2 million goal is closest to: (a) $17,660 (b) $28,190 (c) $49,350 (d) $89,680Heat loss through the walls of a heating system means an annual cost of $800,000. An insulation system that would reduce this loss by 33% could be installed for $500,000 and another that would reduce this loss by 20% could be installed for $300,000. Determine if any isolation systems should be used. Assume that the system will be used for 8 years, and that the Attractive minimum rate of return is 5% per year.a) Cash Flow Diagram b) manual solution Company E is considering the purchase of a building it currently leases for $30,000 per year. The owner of the building put it up for sale at a price of $170,000, but because the firm has been a good tenant, the owner offered to sell it to the company for a cash price of $160,000 now. If purchased now, how long will it be before the company recovers its investment at an interest rate of 11% per year?
- Automationdirect, which makes 6-inch TFT color touch screen HMI panels, is examining its cash flow requirements for the next 5 years. The company expects to replace office machines and computer equipment at various times over the 5-year planning period. Specifically, the company expects to spend $7000 two years from now, $9000 four years from now, and $15,000 five years from now. Determine the present worth of the planned expenditures at an interest rate of 10% per year using (a) tabulated factors, and (b) a financial calculator.Formasa Plastics has major fabrication plants in Texas and Hong Kong. The president wants to know the equivalent future worth of $1 million capital investments each year for 8 years, starting 1 year from now. Formasa capital earns at a rate of 14% per year.A chip manufacturing company wants to have $10 million available 5 years from now in order to build new warehouse and shipping facilities. If the company can invest money at 10% per year, the amount that it must deposit each year in years 1 through 5 to accumulate the $10 million is closest to: (a) $1,638,000 (b) $2,000,000 (c) $2,638,000 (d) $2,938,000
- Loadstar Sensors is a company that makes load/ force sensors based on capacitive sensing technology. For a major plant expansion project, the company wants to have $30 million 5 years from now. If the company already has $15 million in an investment account for the expansion, how much more must the company add to the account now so that it will have the $30 million 5 years from now? The funds earn interest at the rate of 10% per year.An investor buys a rental house for $150,000 and rents it out at an average of $900 per month. During ownership, he incurs maintenance costs averaging $150 per month. He sells the house after five years for $180,000. The monthly rate of return on the investment is nearest to:Write the engineering economy symbol that corresponds to each of the following spreadsheet functions. (a) PV (b) PMT (c) NPER (d ) IRR (e) FV ( f ) RATE