Chicago Hospital​, a nonprofit​ organization, estimates.

Chicago Hospital​,

a nonprofit​ organization, estimates that it can save


a year in cash operating costs for the next


years if it buys a​ special-purpose eye-testing machine at a cost of


No terminal disposal value is expected.

Chicago Hospital’s

required rate of return is


Assume all cash flows occur at​ year-end except for initial investment amounts.

Chicago Hospital

uses​ straight-line depreciation.


Present Value of $1 table


Present Value of Annuity of $1 table


Future Value of $1 table


Future Value of Annuity of $1 table




 1. Calculate the following for the​ special-purpose eye-testing​ machine:

a. Net present value​ (NPV) ​(Use factors to three decimal​ places, X.XXX, and use a minus sign or parentheses for a negative net present value. Enter the net present value of the investment rounded to the nearest whole​ dollar.)


a.Net present value
b.Payback period
c.Internal rate of return
d.Accrual accounting rate of return based on net initial investment
e.Accrual accounting rate of return based on average investment


What other factors should

Chicago Hospital

consider in deciding whether to purchase the​ special-purpose eye-testing​ machine?


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