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four-year life. Project 1 could be sold at the end of four years for a price of $54,000. Use the Present Value of $1 at

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four-year life. Project 1 could be sold at the end of four years for a price of $54,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Present Value of an Annuity of $1 at Compound Interest

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