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1 0 Winthrop Company has an opportunity to manufacture and sell a new product for a five - year period. To pursue this opportunity, the

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Winthrop Company has an opportunity to manufacture and sell a new product for a five-year period. To pursue this opportunity, the company would need to purchase a piece of equipment for $165,000. The equipment would have a useful life of five years and zero salvage value. It would be depreciated for financial reporting and tax purposes using the straight-line method. After careful study, Winthrop estimated the following annual costs and revenues for the new product:
Annual revenues and costs:
\table[[Sales revenues,$320,000
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