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Coyne Corporation is taking a capital investment opportunity. This project would require an investment of $30,000 to purchase equipment. The equipment will have a residual

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Coyne Corporation is taking a capital investment opportunity. This project would require an investment of $30,000 to purchase equipment. The equipment will have a residual value at the end of t e of $5,000. The useful life of the equipment is 4 years. The new project is expected to generale additional cash flows of $19.000 per year for each of the four years. Can's required rate ofreum is 10%. The net present value of this project closest to T! Click the icon to view the present of 31 ) 0 Data Table Click the icon to view the present value of nuty of 1 table) Present Value of Anuty of $1 Data Table OA. $24.230 OB. $27.545 c. $10.941 OD $39.057 2.402 2.322 27 3214 3433 Present Value of $1 Periods Bas 0.712 0.630 0.663 0675 09 0.519 02 0476 0.66 Print 0.621 Done] 0.64 0.BOY

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