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ABB purchased fieldbus communication equipment for a project in South Africa for $3.15 million. The net cash flow is estimated at $500,000 per year, and

image text in transcribed ABB purchased fieldbus communication equipment for a project in South Africa for $3.15 million. The net cash flow is estimated at $500,000 per year, and a salvage value of $400,000 is anticipated. Determine how many years the equipment must be used Just to break even at Interest rates ranglng from 8% to 15% per year. Solve using a spreadsheet. The spreadsheet function used for finding the number of years is must be used for years just to break even at an Interest rate of 8%. The spreadsheet function used for finding the number of years is must be used for years Just to break even at an Interest rate of 9%. The spreadsheet function used for finding the number of years is must be used for years Just to break even at an Interest rate of 10%. The spreadsheet function used for finding the number of years is must be used for years just to break even at an Interest rate of 11%. The spreadsheet function used for finding the number of years is must be used for years just to break even at an Interest rate of 12%. , and the equipment , and the equipment , and the equipment , and the equipment , and the equipment , and the equipment The spreadsheet function used for finding the number of years is

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