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2B Co. Is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is xpected
2B Co. Is considering the purchase of equipment that would allow the company to add a new product to its line. The equipment is xpected to cost $382,400 with a 10 -year life and no salvage value. It will be depreciated on a straight-line basis. The company xpects to sell 152,960 units of the equipment's product each year. The expected annual income related to this equipment follows. If at least an 8% return on this investment must be earned, compute the net present value of this investment. (PV of \$1. EV of \$1. PVA of \$1, and EVA of \$1) (Use appropriate factor(s) from the tables provided.)
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