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ctice #6 A Saved Help Save & Exit Check Martell Products Inc. can purchase a new copier that will save $3,000 per year in copying

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ctice #6 A Saved Help Save & Exit Check Martell Products Inc. can purchase a new copier that will save $3,000 per year in copying costs. The copier will last for eleven years and have no salvage value. Required: 1-a.What is the maximum purchase price that Martell Products should be willing to pay for the copier if the company's required rate of return is seven percent? (Round final answer to the nearest dollar amount.) Present value 1-b.What is the maximum purchase price that Martell Products should be willing to pay for the copier if the company's required rate of return is eleven percent? (Round final answer to the nearest dollar amount.) Present value

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