Business, 18.08.2020 14:01 kaylabjoyner4023

Top Growth Farms, a farming cooperative, is considering purchasing a tractor for $551,500. The machine has a 10-year life and an estimated salvage value of $36,000. Delivery costs and set-up charges will be $12,100 and $400, respectively. Top Growth uses straight-line depreciation. Top Growth estimates that the tractor will be used five times a week with the average charge to the individual farmers of $400. Fuel is $50 for each use of the tractor. The present value of an annuity of 1 for 10 years at 9% is 6.418. For the new tractor, compute the: A) Calculate the payback period.
B) Calculate the net present value.
C) Calculate the accounting rate of return

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Top Growth Farms, a farming cooperative, is considering purchasing a tractor for $551,500. The machi...

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