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Remaining Time: 58 minutes, 45 seconds. Question Completion Status: QUESTION 6 Ten years ago, an investor purchased a project for $255,000 .He anticipated a salvage
Remaining Time: 58 minutes, 45 seconds. Question Completion Status: QUESTION 6 Ten years ago, an investor purchased a project for $255,000 .He anticipated a salvage value of $50,000 after 10 years. During this time, his average annual revenue totaled $52,000. (a) Did he recover his investment and a 12% per year return? Assume the annual M&O cost was $10,000 the first year and increased by a constant $1000 per year. AW is closest to A-3805.6 B.-3865.6 C-3965.6 D.-3885.6
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