Agate Marketing Inc. intends to distribute a new product. It is
expected to produce net returns of $15,000 per year for the first
four years and $10,000 per year for the following three years. The
facilities required to distribute the product will cost $36,000,
with a disposal value of $9,000 after seven years. The facilities
will require a major facelift costing $10,000 each after three
years and after five years. If Agate requires a return on
investment of 20%, what is the net present value?
Report your answer to 0 decimal places.
You MUST use the TI BA II calculator features
(N, I/Y, PV, PMT, FV) to solve questions whenever