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Grady Corp. is considering the purchase of a new piece of equipment. The equipment costs $51,600, and will have a salvage value of $5,050 after

Grady Corp. is considering the purchase of a new piece of equipment. The equipment costs $51,600, and will have a salvage value of $5,050 after eight years. Using the new piece of equipment will increase Gradys annual cash flows by $6,170. Grady has a hurdle rate of 12%.

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