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Charley has a typing service. He estimates that a new computer will result in increased cash inflow $1,600 in Year 1, $2,000 in Year 2 and $3,000 in Year 3. If Charley's required rate of return is 12%, the most that Charley would be willing to pay for the new computer would be: (Ignore income taxes.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9987292

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