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c) A company is considering purchasing an $85,000 piece of equipment that will save them $20,000 per year for five years. In the final year,

c) A company is considering purchasing an $85,000 piece of equipment that will save them $20,000 per year for five years. In the final year, they anticipate being able to sell (salvage) the old equipment for $15,000. What is the rate of return on this purchase

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