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....... (Ignore income taxes in this problem.) The following information is available on a new piece of equipment: Cost of the equipment............. $ 21,720 Salvage
....... (Ignore income taxes in this problem.) The following information is available on a new piece of equipment: Cost of the equipment............. $ 21,720 Salvage Value. $ 0 Annual cash inflows............. $ 5,000 Internal rate of return........... 16% Required rate of return........... 10% The life of the equipment is approximately: A. 6 years OB. 8 years C. 4.3 years OD. It is impossible to determine from the data given
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