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Leons Equipment is considering the purchase of a 60-ton device. The first cost is expected to be $350,000. Net earnings will be $75,000 per year

  1. Leons Equipment is considering the purchase of a 60-ton device. The first cost is expected to be $350,000. Net earnings will be $75,000 per year over its 9-year service life. It will be salvaged for $45,000. If his after-tax MARR is 9%, the device is a class 8 asset (20% CCA rate) and Leons Equipment is taxed at 44%, what is the present worth of the purchase?

I NEED THIS SUM BE SOLVED MANUALLY NOT WITH EXCEL OR OTHER WAYS PLEASE MANUAL CALCULATION

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