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An asset was purchased 5 years ago at a price of $52.000. It was expected to be in service for 8 years, at which time

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An asset was purchased 5 years ago at a price of $52.000. It was expected to be in service for 8 years, at which time its salvage value would be $4000. If the function that the asset was serving is no longer, what price must it be sold to recover the invested capital when = 12%

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