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2. Dexter Company is considering purchasing equipment. The equipment will produce the following cash ows: Year 1 $120,000 Year 2 $200,000 Dexter requires a minimum

2. Dexter Company is considering purchasing equipment. The equipment will produce the following cash ows: Year 1 $120,000 Year 2 $200,000 Dexter requires a minimum rate of return of 10%. What is the maximum price Dexter should pay for this equipment? (Round to the nearest dollar.) a. $274,381 b. $165,290 c. $320,000 d . $ 160.000

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