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A firm is considering the purchase of a $450,000 heavy duty crane that would save costs of $150,000 per year in the first two years
A firm is considering the purchase of a $450,000 heavy duty crane that would save costs of $150,000 per year in the first two years and $175,000 per year for the following ten years. The cost of capital is 7%. Calculate both the NPV and payback period (rounded to the nearest month)
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