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Piccadilly Hospital has purchased new lab equipment for $200,000. The equipment is expected to last for three years and to provide cash inflows as
Piccadilly Hospital has purchased new lab equipment for $200,000. The equipment is expected to last for three years and to provide cash inflows as follows: Year 11 $60,000 Year 2 $70,000 Year 3 ? Required: Assuming that the equipment will yield exactly a 10% rate of return, what is the expected cash inflow for year 3? (Hint Use Microsoft Excel to calculate the discount factor(s).) (Do not round intermediate calculations and round your final answer to the nearest dollar amount.) Expected cash inflow $ 127,654
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