Complete the identity. sin 2 x 1- 1+ cos x = ? O A. tanx OB….

The Spartan Technology Company has a proposed contract with the
Digital Systems Company of Michigan. The initial investment in land
and equipment will be $370,000. Of this amount, $250,000 is subject
to five-year MACRS depreciation. The balance is in nondepreciable
property. The contract covers six years; at the end of six years,
the nondepreciable assets will be sold for $120,000. The
depreciated assets will have zero resale value. Use Table 12-12.
Use Appendix B for an approximate answer but calculate your final
answer using the formula and financial calculator methods.

The contract will require an additional investment of $58,000 in
working capital at the beginning of the first year and, of this
amount, $38,000 will be returned to the Spartan Technology Company
after six years.

The investment will produce $90,000 in income before depreciation
and taxes for each of the six years. The corporation is in a 30
percent tax bracket and has a 5 percent cost of capital.

a. Calculate the net present value.(Do not
round intermediate calculations and round your answer to 2 decimal
places.)