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(Ignore income taxes in this problem) The management of Londo Corporation is investigating buying a small used aircraft to use in making airborne inspections of
(Ignore income taxes in this problem) The management of Londo Corporation is investigating buying a small used aircraft to use in making airborne inspections of its above-ground pipelines. The aircraft would have a useful life of 6 years. The company uses a discount rate of 15% in its capital budgeting. The net present value of the investment, excluding the intangible benefits, is -$474,060. To the nearest whole dollar how large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive? A) $474,060 B) $125,280 C) $79,010 D) $71,109
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