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Margaret has a project with a $28,000 first cost that returns $5,000 per year over its 10-year life. It has a salvage value of $3,000
Margaret has a project with a $28,000 first cost that returns $5,000 per year over its 10-year life. It has a salvage value of $3,000 at the end of 10 years. If the MARR is 15 percent per year, what is the present worth of this project?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
