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3. Maddie Company has the following information: i. Cost of new asset: $400,000 ii. Annual Net Income: $42,000 iii. Expected Life: 10 years iv. Salvage

3. Maddie Company has the following information: i. Cost of new asset: $400,000 ii. Annual Net Income: $42,000 iii. Expected Life: 10 years iv. Salvage value of the new asset: $20,000 v. Discount Rate (minimum required return): 14\% Results

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