Butler Corporation is considering the purchase of new equipment costing $39,000. The projected annual after-tax net income from the equipment is $1,500, after deducting $13,000 for depreciation. The revenue is to be received at the end of each year. The machine has a useful life of 3 years and no salvage value. Butler requires a 9% return on its investments. The present value of an annuity of $1 for different periods follows: Periods 9%
1 0.9174
2 1.7591
3 2.5313
4 3.2397

Required:
What is the net present value of the machine?

Your dormitory, griffingate, has appointed you central banker of its economy, which deals in the currency of wizcoins. assume that the velocity of wizcoins in griffingate is constant at 10,000 transactions per year. right now, real gdp is 1,000 wizcoins, and there are 2,000 wizcoins in existence.

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