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A business owner estimates a new piece of equipment will result in increased cash inflows of $1,000 in Year 1, $1,450 in Year 2,

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A business owner estimates a new piece of equipment will result in increased cash inflows of $1,000 in Year 1, $1,450 in Year 2, and $2,000 in Year 3. If the business owner's required rate of return is 14%, the most the owner would be willing to pay for the equipment would be (rounded): Multiple Choice $3.342 $2,480 $4,450

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