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Please show how to get the answer Using only the factors provided in this table below (do not use excel, a scientific calculator, know the
Please show how to get the answer
Using only the factors provided in this table below (do not use excel, a scientific calculator, know the correct factor to use) Interest is 4% per period Ross Co. purchased some equipment today. The company's required rate of return is 4%, and the initial investment of the project was $(16270). The equipment will generate annual cost savings of: $4470 each year for years 1-4. Thes estimated residual value of the equipment will be $3530 at the end of year 4 . The net present value of the project is $ If the net present value is negative, show -, do not use (). Example net present value of negative 1,000 would be answered 1,000 Selected Answer: [None Given] Correct Answer: 2,9735Step by Step Solution
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