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25 Bluebird Inc. is thinking about replacing some equipment. The new equipment would cost $27,000. The old equipment, which has a book value of $2,000,
25 Bluebird Inc. is thinking about replacing some equipment. The new equipment would cost $27,000. The old equipment, which has a book value of $2,000, could be sold for $6,000. The tax rate is 21% What is the net initial investment for the project? Round your answer to the nearest penny (2 decimal points) Do not use the dollar sign
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