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Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large Ibeams. PCP expects to bend 60 beams at $3,000 per beam in each of
Pittsburgh Custom Products (PCP) purchased a new machine for ram-cambering large Ibeams. PCP expects to bend 60 beams at $3,000 per beam in each of the first 3 years, afterwhich it expects to bend 100 beams per year at $2,500 per beam through year 12. Ifthe company's minimum attractive rate of return is 13% per year, what is the present worthof the expected revenue?
The present worth of the expected revenue is?
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