What would be the present value of an item that has a salvage value of $25,000 at the end of five years? Assume a discount rate of 3.8% for an end-of-year factor. Carry calculations to four decimal places.

Answer 1

24,050

Answer 2

1) The President's Budget request included $1,345,000 for an Air Force research and development effort in FY11. The project has been delayed three years until FY14. What would be the budget request for FY14 for this effort? (Use the inflation tables at the end of the chapter.)

$1,838,790

$1,418,666

$1,431,926

$1,402,559

Answer 3

1431926

Answer 4

1,402,559