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Assume that yearly income from a factory is anticipated to begin at $15,000 per year and decline at a uniform amount of $500 each year

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Assume that yearly income from a factory is anticipated to begin at $15,000 per year and decline at a uniform amount of $500 each year after the first year for the 15-year. The investment cost is $80,000, and the interest rate is 9% every year. What is the present equivalent of the income? Is this a feasible investment? (Select closest answer) (Accept that the investment happens at the present and that the first yearly income is received at End-of-Year one). A. $78,000 (smaller than investment cost bad investment) B. $64,000 (smaller than investment cost bad investment) C. $126,000 (greater than investment cost = good investment) D. $ 99,000 (greater than investment cost = good investment)

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