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Accounting is very easy Accounting is Very Easy Company is looking at purchasing an equipment for $46,000, but needs to earn an 9% return. The

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Accounting is Very Easy Company is looking at purchasing an equipment for $46,000, but needs to earn an 9% return. The expected year-end net cash flows are $ 16,000 in each of the first three years, and $20,000 in the fourth year. What is the net present value for the equipment? Below are the available present value factors Periods Present Value of $1 at 9% Present Value of an Annuity of $1 at 9% 0.9174 0.9174 0.8417 0.8417 1.7591 0.7722 2.5313 0.7084 3.2397 $ 17,806 $8669 ($31,832) $54,669

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