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Masters Golf? Products, Inc., spent 3 years and $ 1,070,000 to develop its new line of club heads to replace a line that is becoming
Masters Golf? Products, Inc., spent 3 years and $ 1,070,000 to develop its new line of club heads to replace a line that is becoming obsolete. To begin manufacturing? them, the company will have to invest $ 1,810,000 in new equipment. The new clubs are expected to generate an increase in operating cash inflows of $756,000 per year for the next 12 years. The company has determined that the existing line could be sold to a competitor for $ 245,000. The cash flow for year 0 is ?
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