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Coffin Corporation wants to buy a new hearse for $60,000. It will last for five years. They expect to make 100 trips per year. Coffin
Coffin Corporation wants to buy a new hearse for $60,000. It will last for five years. They expect to make 100 trips per year. Coffin uses a discount rate of 6 percent. If they charge $150 per trip, will they have a positive net present value for the investment?
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