Ting Towables Has a Programmable Plastic Moulding Machine Instructions
Calculate the Moulding Machine's Value in Use Using a Is

Essay

Ting Towables has a programmable plastic moulding machine. This machine is expected to last another 4 years. The most recent estimates for its future cash flows have been calculated at: $$\begin{array}{l}\quad\quad\quad\quad\text { Estimated }\\\begin{array} { l l } \text { Year } & \text { Cash Flows } \\1 & \$ 5,000 \\2 & \$ 5,500 \\3 & \$ 4,000 \\4 & \$ 3,500\end{array}\end{array}$$ Instructions
Calculate the moulding machine's value in use using a discount rate of 4%.