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A $ 1 0 0 0 bond bearing interest at 8 % payable semi - annually redeemable at par on February 1 , 2 0

A $1000 bond bearing interest at 8% payable semi-annually redeemable at par on February 1,2024, was purchased on
October 12,2017, to yield 7% compounded semi-annually. Determine the purchase price.
The purchase price is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Replacing old equipment at an immediate cost of $120,000 and an additional outlay of $10,000 five years from nill
result in savings of $24,000 per year for 9 years. The required rate of return is 12% compounded annually. Compute the net
present value and determine if the investment should be accepted or rejected according to the net present value criterion.
The net present value of the project is $
(Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.)
The proposal should be (1)
(1) accepted.
rejected.
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