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Please work out the problem so I can follow how to solve it without excel, thank you! 4 (Chapter 6). Crash Realty must choose between

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Please work out the problem so I can follow how to solve it without excel, thank you!

4 (Chapter 6). Crash Realty must choose between two copiers, the 4GX and the 5GQ. The 4GX costs $2000 and will last for three years. The copier will require a real aftertax cost of $120 per year including all relevant expenses. The 5GQ costs $3000 and will last five years; its real aftertax cost will be $150 per year. All cash flows occur at the end of the year. The inflation rate is expected to be 5 percent per year, and the nominal discount rate is 12 percent. Which copier should the company choose

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