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Engineering Economics Question Ellis Equipment sold a used a used Massey Ferguson tractor for $55,000 to a South Kansas farmer 10 years ago. If the

Engineering Economics Question

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Ellis Equipment sold a used a used Massey Ferguson tractor for $55,000 to a South Kansas farmer 10 years ago. If the net cash flow was actually S6000 per year, what is the amount the farmer should have paid for the tractor to realize payback plus the 5% per year return over these 10 years? C. $45,330 A. $43,330 B.S44,330 E. No correct answer D. $46,330

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