A proposed cost-saving device has an installed cost of $740,000. The device will be used in a five-year project but is classified as three-year MACRS property for tax purposes. The required initial net working capital investment is $57,000, the tax rate is 21 percent, and the project discount rate is 8 percent. The device has an estimated Year 5 salvage value of $88,000. What level of pretax cost savings do we require for this project to be profitable?

probably not? : o

unless you work at a circus or any other job like that. c:

maybe..

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

engaging in financial planning?

just took my test