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A small welding business owner is considering a new contract. The project requires purchasing a new welding truck for $ 6 3 , 0 0

A small welding business owner is considering a new contract. The project requires purchasing a new welding truck for $63,000 with a residual value of 45% of its original value after eight years. It is estimated to yield annual net returns of $12,000 for four years starting in three years. Should the project be undertaken, if the small pusiness owner would like to secure a 3% yield rate? (4 marks)
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