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Jackson Company invests in a new piece of equipment costing $48668. The equipment is expected to yield the following amounts per year for the

Jackson Company invests in a new piece of equipment costing $48668. The equipment is expected to yield the following amounts per year for the equipment's four-year useful life: Cash revenues $63,669 Cash expenses (31,861) Depreciation expenses (straight-line) (12167) Cost of capital 14% What is the net present value of this investment in equipment?

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