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Beyond -Say Corp. is considering purchasing $55,000 of music recording equipment. The equipment has a market resale value of $3,000 and is expected to be

Beyond -Say Corp. is considering purchasing $55,000 of music recording equipment. The equipment has a market resale value of $3,000 and is expected to be used over the next four years. Net income after taxes is estimated to be $4,200. The company's required rate of return is 10% and the company uses the straight-line method. The tax rate is 40%. Is this a project that should be undertaken?

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