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Patterson Corporation is considering the purchase of a new piece of equipment, which would have an initial cost of $ 5 4 8 , 0

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Patterson Corporation is considering the purchase of a new piece of equipment, which would have an initial cost of $548,000, a 7-year useful life, and $150,000 salvage value. The increase in cash flow each year of the equipment's life would be as follows:
\table[[Year 1,$115,
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