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Rent-to-Own Equipment Co. is considering a new software program that will cost $450,000. The program is expected to generate the following cash flows: $250,000
Rent-to-Own Equipment Co. is considering a new software program that will cost $450,000. The program is expected to generate the following cash flows: $250,000 in year one. $125,000 in year two, $110,000 in year three, and $80,000 in year four. Rent-to-Own's required rate of return is 10%. What is the net present value of this project? $17,864 $45,328 $115,000 O-$36,777
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