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74 Laptop Corporation will need Equipment for a six-year project, but the Equipment the companys Production Manager wishes to purchase 75 will only last three
74 Laptop Corporation will need Equipment for a six-year project, but the Equipment the companys Production Manager wishes to purchase 75 will only last three years. The company, therefore, will purchase the Equipment, use it for three years, sell it, and immediately re-purchase 76 Equipment again. The second purchase will exactly match the terms of the first purchase. The Equipment will cost $87,000, be depreciated 77 straight-line over three years down to a Salvage Value that is estimated to be $10,000. The Tax Rate is 22%. Create the timeline for the 78 Capital Investment portion of this project
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