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CarMax Engine Shop is considering the purchase of a new computer system for diagnosing engine problems. The company estimates that the computer system will result in increased operating cash flows of $5,100 in year 1, $5,900 in year 2, and $5,400 in year 3. The company's required return is 8%. What is the most money the company would be willing to pay for the computer?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M949115

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