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Mantua Motors is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to purchase equipment. The equipment will have a
Mantua Motors is evaluating a capital investment opportunity. This project would require an initial investment of $30,000 to purchase equipment. The equipment will have a residual value at the end of its life of $4,000. The useful life of the equipment is 6 years. The new project is expected to generate additional net cash inflows of $17,000 per year for each of the six years. Mantua Motors' required rate of return is 10%. The net present value of this project is closest to $59, 371. $23, 131. $46, 291. $44, 035
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