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Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information

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Balloons By Sunset (BBS) is considering the purchase of two new hot air balloons so that it can expand its desert sunset tours. Various information about the proposed investment follows: Initial investment (for two hot air balloons) 401,000 Useful life Salvage value Annual net income generated BBS's cost of capital 7 years $ 51,000 36,892 10% Assume straight line depreciation method is used Required Help BBS evaluate this project by calculating each of the following

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