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Moreno Corporation is considering investing in specialized equipment costing $525,000. The equipment has a useful life of five years and a residual value of $55,000.

Moreno Corporation is considering investing in specialized equipment costing $525,000. The equipment has a useful life of five years and a residual value of $55,000. Depreciation is calculated using the straight-line method. The expected net cash inflows from the investment are

Year 1

$245,000

Year 2

$190,000

Year 3

$152,000

Year 4

$112,000

Year 5

$95,000

$794,000

Moreno Corporation's required rate of return is 14%.

The net present value of the Moreno Corporation's investment is closest to

Select one:

a. $25,639 positive

b. $54,184 positive

c. $82,729 positive

d. $269,000 positive

how do i calculate this with a Calculator? BA II PLUS Texas instrument ? ??

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