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Cleaners, Inc. is considering purchasing equipment costing $ 6 0 . 0 0 0 with a 6 - year useful life. The equipment will provide

Cleaners, Inc. is considering purchasing equipment costing $60.000 with a 6-year useful life. The equipment will provide cash cost savings of $14,600 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return.
Present Value of an Annuity of 1
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