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MPS Corporation is considering two possible investments and needs your help in determining which will be the better financial option. Perform the necessary calculations using

image text in transcribed MPS Corporation is considering two possible investments and needs your help in determining which will be the better financial option. Perform the necessary calculations using Microsoft Excel so that maximum precision can be obtained. (Unless indicated otherwise, enter your answers rounded to the nearest whole dollar/input code: 0 ). Investment Option "North" This potential investment is a little more risky and longer term, so it has a minimum rate of return of 17.70%. This investment would require an initial outlay of cash to purchase a piece of equipment for $164,500, and at the end of the 7-year life of this investment is expected to have a salvage value of $57,575. For each year of this investment, net annual cash inflows are expected to be $27,250

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