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Question 56 5 pts You are considering purchasing a piece of equipment, from which you are expecting to generate $111,595.04 of profit (after expenses for
Question 56 5 pts You are considering purchasing a piece of equipment, from which you are expecting to generate $111,595.04 of profit (after expenses for the equipment are considered) for each year for 9 years. You can expect to make a 15% return on this asset. Meaning, you want to use this percentage as a the interest rate to measure your present value of the initial investment. How much are you willing to invest today, at the given return on asset for the number of years provided? Remember, if the calculator gives you a negative value, that's simply the direction of the cash flow. Do not enter in negative values for your answer for the present value of this problem. 31,722.28
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