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rour company is evaluating whether to purchase an equipment or not The initial cost is $41,599. According to your estimate, the equipment can have annual

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rour company is evaluating whether to purchase an equipment or not The initial cost is $41,599. According to your estimate, the equipment can have annual savings of $6,970 with 0.5 possibility or have annual savings of $5,355. The useful life of the equipment is 10 years, and with equal chance to have a salvage value of $18,562 or $15,899. Given MARR = 6%, what is the expected NPV of the equipment? (10 points)

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