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Rally is interested in some equipment. The equipment will generate net income of $6000 per year for the next 5 years. The equipment costs $20,000

Rally is interested in some equipment. The equipment will generate net income of $6000 per year for the next 5 years. The equipment costs $20,000 with no salvage value. The equipment will be fully depreciated to a zero book value on a straight line basis over 5 years. The firm's cost capital is 10%. Find the net present value (NPV).

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