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An asset has an initial capital investment of $7 million. Its terminal value at the end of a 6-year life is S3 million (i.e. it

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An asset has an initial capital investment of $7 million. Its terminal value at the end of a 6-year life is S3 million (i.e. it costs more to dispose of this asset than it is worth in the marketplace). The MARR is 9% per year. What is the capital recovery amount of this asset

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