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5. A project requires an investment of 20,000 dollars. The project will have a revenues of 1,000 dollars in each of the next 20 years.
5. A project requires an investment of 20,000 dollars. The project will have a revenues of 1,000 dollars in each of the next 20 years. At the end of the life of the project, the equipment purchased for the project can be sold for a profit with salvage value of 2,000. The MARR is 14 percent. Compute the present worth of the project (15 points)
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