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Pina Colada Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project

Pina Colada Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was $(900). Annual cost savings were: $10000 for year 1; 8000 for year 2 ; and $6000 for year 3 . The amount of the initial investment was $20478. $18316. $20116. $18678

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