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QUESTION 41 Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual
QUESTION 41 Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $200,000. The equipment will have an initial cost of $909,000 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 7%, what is the approximate net present value? (Round your final answer to the nearest dollar amount.) $303,000 $909,000 b. c. $953,300 od. $44,300
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