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Farmer Perkins is considering the purchase of a harvester. Farmer Perkins required rate of return is 20% - The initial cost of the harvester is
Farmer Perkins is considering the purchase of a harvester. Farmer Perkins required rate of return is 20% - The initial cost of the harvester is $6,000.00 - Annual added cash inflow as a result of this harvester will be $2,200.00 - Productive life of the harvester is 6 years, with no salvage value. Calculate the net present value (NPV) of the considered purchase
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