POSTING IT AGAIN SINCE I GOT WRONG ANSWERS FOR THESE TWO QUESTIONS The following data have been collected by capital bud

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POSTING IT AGAIN SINCE I GOT WRONG ANSWERS FOR THESE TWO
QUESTIONS
The following data have been collected by capital budgeting
analysts at Sunset Beach Inc. concerning an investment in an
expansion of the company's product line. Analysts estimate that an
investment of $550,000 will be required to initiate the project at
the beginning of 2019. The estimated cash returns from the new
product line are summarized in the following table; assume that the
returns will be received in a lump sum at the end of each
year: Table 6-4. (Use appropriate factor(s) from
the tables provided. Round the PV factors to 4
decimals.)
The new product line will also require an investment in inventory
and receivables of $77,000; this investment will become available
for other purposes at the end of the project. The salvage value of
machinery and equipment at the end of the product line's life is
expected to be $70,000. The cost of capital used in Sunset Beach's
capital budgeting analysis is 10%.

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