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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 equipment's

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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 equipment's four-year useful life: $62894 (31973) (12167) Cash revenues Cash expenses Depreciation expenses (straight-line) Cost of capital 14% What is the net present value of this investment in equipment

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