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Lakefront co. is considering investing in a new dock that will cost 280,000. The company expects to use the dock for 5 years, after which
Lakefront co. is considering investing in a new dock that will cost 280,000. The company expects to use the dock for 5 years, after which it will be sold for 150,000 at that time. Lakefront anticipates cash flows of 50,000 resulting from the new dock. if the appropriate interst rate is 6%, would it be worht buying the dock?
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