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can you please try to answer in 60min? Company ABC is considering a new 5-year investment into new production equipment that requires initial investment 6
can you please try to answer in 60min?
Company ABC is considering a new 5-year investment into new production equipment that requires initial investment 6 million. The project is expected to generate 2 million in annual sales, with costs of 0.4 million per year for next 5 years. If ABC uses the straight-line depreciation over the 5 years of project life (book value assumed to be zero at the end of the project) how large is the annual depreciation? Express your answer in millions of euros Step by Step Solution
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