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Really need help! Sheffield Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of

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Sheffield Co. purchased some equipment 3 years ago. The company's required rate of return is 12%, and the net present value of the project was S(1200). Annual cost savings were: $12000 for year 1:10000 for year 2; and $8000 for year 3. The amount of the initial investment was PV of an Annuity Year Present Value ofit 12% 0.893 0.797 0.712 1 2 3 o lat 12% 0.893 1.690 2.402 $25582 $22820 $23182 $25220

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