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0 Kunkie Company wishes to earn 8% annually on its investments. Kunke makes an investment that equals or exceeds that comes it a success. Assume

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0 Kunkie Company wishes to earn 8% annually on its investments. Kunke makes an investment that equals or exceeds that comes it a success. Assume that Kunkle invests $5.8 million and gets $1160,000 in return at the end of each year for years. Wat is the value of X (number of years) for which Kunkle will consider the investment a success? Assume that unde camines to action parts year (FV of $1. PV of $1. EVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factors from the tables provided) Multiple Choice 7 years 4 years 5 years. Next >

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