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106 Swifty, Inc. is considering purchasing equipment costing $36000 with a 6-year useful life. The equipment will provide annual cost savings of $9000 and will

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106 Swifty, Inc. is considering purchasing equipment costing $36000 with a 6-year useful life. The equipment will provide annual cost savings of $9000 and will be depreciated straight-line over its useful life with no salvage value. Swifty requires a 10% rate of return. Present Value of an Anonuity of 1 Period??10th uth 12th 15th 6 4.623 4.486 4.355 4.231 4.111 3.784 What is the approximate net present value of this investment? O $2078 O $3195 O $4374 O $18000

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