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5. (10 pts) As chief engineer for a small manufacturing firm, you are considering whether to invest $40,000 in a new piece of equipment that

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5. (10 pts) As chief engineer for a small manufacturing firm, you are considering whether to invest $40,000 in a new piece of equipment that will save $3000 annually in operating costs. If the equipment has an expected lifetime of 20 years and a salvage value of $12,000, is this an attractive investment at an interest rate of 6%? Why or why not

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