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Gothenburg Company plans to buy a new machine for $50,000 that is expected to save the company $12,000 annually. Gothenburg will depreciate the machine on the ACRS with three-year life, the annual depreciation being 29%, 47%, and 24%. The company will use the equipment for 5 years, and then sell it for $5,000. The tax rate of the company is 40% and it will use 8% as the discount rate. Should Gothenburg buy the machine? ,NPV =–$1,970.99, no ,Please show all work.

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