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Management of Crane, Inc., is considering switching to a new production technology. The cost of the required equipment will be $ 4 , 0 0

Management of Crane, Inc., is considering switching to a new production technology. The cost of the required equipment will be $4,000,000. The discount rate is 13 percent. The cash flows that management expects the new technology to generate are as follows.
\table[[Years,CF],[1-2,0],[3-5,$905,000
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