A piece of new equipment will cost 70000. the equipment, Ask an Expert

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A piece of new equipment will cost $70,000. The equipment will provide a cost savings of $15,000 per year for ten years, after which it will have a $3,000 salvage value. If the required rate of return is 14%, what is the equipment's net present value ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M957463

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