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Please solve it step by step with detailed explaintation. The following information is available concerning a new piece of equipment: Annual cash inflows Estimated life

Please solve it step by step with detailed explaintation.

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The following information is available concerning a new piece of equipment: Annual cash inflows Estimated life Cost of capital Internal rate of return $14,000 7 years 8% 10% Based on the information, and without considering the impact of taxes, the initial cost of the equipment was: $75,600 $68,158. $64,722 $84,000

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