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NEX Your client, Cullumber Company, is preparing a contract to lease a machine to Bramble Corp. for a period of 25 years. Cullumber has an

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NEX Your client, Cullumber Company, is preparing a contract to lease a machine to Bramble Corp. for a period of 25 years. Cullumber has an investment cost of $73,000 in the machine, which has a useful life of 25 years and no salvage value at the end of that time. Your client is interested in earning an 11 return on investment and has agreed to accept 25 equal rental payments at the end of each of the next 25 years. (a) You are requested to provide Cullumber with the amount of each of the 25 rental payments that will yield an 11% return on investment. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.) Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Amount of each rental payments

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