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Bramble Co. purchased some equipment 3 years ago. The companys required rate of return is 12%, and the net present value of the project was
Bramble Co. purchased some equipment 3 years ago. The companys required rate of return is 12%, and the net present value of the project was $(1800). Annual cost savings were: $16000 for year 1; $12000 for year 2; and $8000 for year 3. The amount of the initial investment was
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