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Norway Jose communications, inc. is considering the purchase of a new piece of computerized data transmission equipment. estimated annual net cash inflows for the new

Norway Jose communications, inc. is considering the purchase of a new piece of computerized data transmission equipment. estimated annual net cash inflows for the new equipment are $590,000. the equipment costs $2 million, it has a five year life and it will have no residual value at the end of the 5 years. the company has a minimum rate of return of 12 percent. compute the net present value of the piece of equipment.

$__________

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