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Croce, Inc., is investigating an investment in equipment that would have a useful life of 9 years. The company uses a discount rate of 16'

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Croce, Inc., is investigating an investment in equipment that would have a useful life of 9 years. The company uses a discount rate of 16' in Its capital budgeting The net present value of the investment excluding the salvage value is $580.460. lgnare income taxes) Click here to view Exhibit 23. and Exhibit 128-2 to determine the appropriate discount factors using the tables provided How large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive? Multiple Choice $580 460 $92,874 $3.627.875 52,207,072 Prey 9 of 20 HI! Next > 590 PM

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