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This is not the correct answer. Please see the correct answer for an explanation. We have been unable to determine how to calculate this incorrect answer choice. If you have calculated it, please let us know how you did it so we can create a full explanation of why this answer choice is incorrect. Please send us an email at support@hockinternational.com. Include the full Question ID number and the actual incorrect answer choice -- not its letter, because that can change with every study session created. The Question ID number appears in the upper right corner of the ExamSuccess screen. Thank you in advance for helping us to make your HOCK study materials better.
The net present value is found by discounting the after-tax cash flows to the present (Year 0) using the 12% cost of capital and subtracting the Year 0 cash outflow. The $6,000 for the first two years can be discounted using the PV of an annuity factor for 12% for 2 years. The Year 3 and Year 4 cash flows can be discounted using the PV of $1 factors for 3 and 4 years at 12%. ($6,000 × 1.69) + ($8,000 × .712) + ($8,000 × .636) ? $20,000 = $924.
This is not the correct answer. Please see the correct answer for an explanation. We have been unable to determine how to calculate this incorrect answer choice. If you have calculated it, please let us know how you did it so we can create a full explanation of why this answer choice is incorrect. Please send us an email at support@hockinternational.com. Include the full Question ID number and the actual incorrect answer choice -- not its letter, because that can change with every study session created. The Question ID number appears in the upper right corner of the ExamSuccess screen. Thank you in advance for helping us to make your HOCK study materials better.
This is the present value of the future net incomes. The net present value is found by discounting the after-tax cash flows to the present (Year 0) using the 12% cost of capital and subtracting the Year 0 cash outflow.