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A company just purchase some equipment costing 350,000 that will last 8 years with no salvage value. This will also require a networking capital investment
A company just purchase some equipment costing 350,000 that will last 8 years with no salvage value. This will also require a networking capital investment of $55,000. The annual operating cash flows are expected to be $58,000. The required return is 7%, What is the projects equivalent annual cost?
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