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QUESTION 1 Benaflek Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of

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QUESTION 1 Benaflek 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: $10,000 for 3 years. The amount of the initial investment was, Present Value of 1 at 12% PV of an Annuity of 1 at 12% Year 1 893 2 .797 3 712 $24,920. $18,316 $20,116. $18.678 893 1.690 2.402

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