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Assume that a company is considering buying a new piece of equipment for $250,000 that would have a useful life of five years and a

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Assume that a company is considering buying a new piece of equipment for $250,000 that would have a useful life of five years and a salvage value of $33,000. The equipment would generate the following estimated annual revenues and expenses: Revenues $ 120,000 Less operating expenses Commissions $ 15,000 Insurance 5,000 Depreciation 43,400 Maintenance 30,000 93,400 Net operating income $ 26,600 Click here to view Exhibit 128-1 and Exhibit 128-2. to determine the appropriate discount factor(s) using the tables provided. Assuming a discount rate of 14%, what is the net present value of this investment? Multiple Choice 57437 $(156,429)

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