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Exercise 9-13 Pina Colada Cosmetics is planning to expand its product line to include stage makeup. The expansion will require the company to purchase special
Exercise 9-13 Pina Colada Cosmetics is planning to expand its product line to include stage makeup. The expansion will require the company to purchase special mixing equipment at a cost of $123,510. The equipment will have a useful life of 15 years. Click here to view the factor table. (a) If Pina Colada uses a 13 % hurdle rate, what is the minimum annual net cash inflow required to make this project acceptable under the internal rate of return method? (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal places, e.g. 58,971.) Annual net cash inflow
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