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Henry's Printing Shop needs to purchase a new piece of equipment for a cost of $56,000 to replace an old piece of equipment that cannot
Henry's Printing Shop needs to purchase a new piece of equipment for a cost of $56,000 to replace an old piece of equipment that cannot be repaired but does have a salvage value of $5,300. The new piece of equipment is expected to have a useful life of 15 years, working capital required of $2,500, a salvage value of $3,500 and a decrease in annual production costs of $7,000. If Henry's required tate of return is 8%, what is the new equipment's Net Present Value? O (521,353,50) O $7.815.50 $ 8.603,00 O $3,003.00
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