Question
estion 24 4 pts Croce, Inc., is investigating an investment in equipment that would have a useful life of 12 years. The company uses a
estion 24 4 pts Croce, Inc., is investigating an investment in equipment that would have a useful life of 12 years. The company uses a discount rate of 17% in its capital budgeting. The net present value of the investment, excluding the salvage value, is-$579,387. gnore income taxes.) Click here to view Exhibit 13B-1 and Exhibit 138-2e, 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? (Round your intermediate calculations and final answer to the nearest whole dollar amount.) $3,811,757 $579,387 $98,496 $3,408,159 Pro
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