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Question 23 6 pts You own an oilfield equipment repair shop. You anticipate that in five years your company must spend $50,000 to replace the

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Question 23 6 pts You own an oilfield equipment repair shop. You anticipate that in five years your company must spend $50,000 to replace the welding equipment in your shop. Your accountant has your company depreciating its existing equipment on a straight-line basis at rate of $9,000 per fiscal year. You set aside this amount in cash at the end of each year in a bank account that pays interest annually. Assuming that the bank pays a fixed interest rate, compounded annually, what rate must this account promise in order for your company to be able to cover the new welding equipment five years from today? O 7.921% 0 5.270% 09.114% O 17.628% O 3.412%

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