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hw help using excel Covington Corporation purchased a vibratory finishing machine for $20,000 in year 0. The useful life of the machine is 11 years,
hw help using excel
Covington Corporation purchased a vibratory finishing machine for $20,000 in year 0. The useful life of the machine is 11 years, at the end of which the machine has a $2,500 salvage value. The machine generates net annual revenues of $5,000. The annual operating and maintenance expenses are estimated to be $1,000. If Covington's MARR is 11%, what is the present worth of this investment? O $5,916 O $5,095 O $5,207 O $5,619 Step by Step Solution
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