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QUESTION 16 Questions 16-19 can be answered using the following information regarding Minaret Corp which is considering the purchasedla wiece of equipment. The cost savings
QUESTION 16 Questions 16-19 can be answered using the following information regarding Minaret Corp which is considering the purchasedla wiece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $120.400. The equipment will have initial cost of $601,600 and have an 8 year life. The equipment has no salvage value. The hurdle rate is 14% What is the payback period? (Round your calculation to the nearest while QUESTION What is the net present value? (Select the answer that is closest to the nearest whole number due to rounding) O $43,081) $43,081 O $85,289) Od $85,289
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