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Rogers Company is considering purchasing equipment. The equipment will produce the following cash flows:

Year 1 $20,000
Year 2 $30,000

Dexter requires a minimum rate of return of 10%. What is the maximum price Rogers should pay for this equipment?

A) $42,975.30.

B) $21,487.65.

C) $50,000.00.

D) $25,000.00.

Accounting Basics, Accounting

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  • Reference No.:- M947561

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