Business
Business, 21.08.2019 04:00, sanociahnoel

Door to door moving company is considering purchasing new equipment that costs $ 700 comma 000$700,000. its management estimates that the equipment will generate cash flows as follows: year 1$ 214 comma 000$214,0002214 comma 000214,0003262 comma 000262,0004262 comma 000262,0005158 comma 000158,000present value of $1: 6%7%8%9%10%10.9430.9350.9260.9170.9 0920.8900.8730.8570.8420.82630.8400 .8160.7940.7720.75140.7920.7630.735 0.7080.68350.7470.7130.6810.6050.62 1the company's annual required rate of return is 8%. using the factors in the table, calculate the present value of the cash inflows. (round all calculations to the nearest whole dollar.)

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