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Greensboro Coffee Roasters is purchasing a new piece of equipment, which will result in additional cash flows of $155,250 per year for the life of
Greensboro Coffee Roasters is purchasing a new piece of equipment, which will result in additional cash flows of $155,250 per year for the life of the equipment. The equipment will have an initial cost of $600,000 and have an five year life. The salvage value of the equipment is estimated to be $140,000. If the discount rate is 10 percent, what is the approximate net present value? Partial present value tables appear below Present Value of Annuity of $1
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